Banakane 5 Group
They collaborate with the Soro Yiriwaso micro finance institution in order to manage their market gardening businesses during this winter's end.
This is their first loan from the institution.
The crops they cultivate are mainly onions as is the case of Mrs. Fatim Hamadou who is standing first from left to right in the photo.
With her loan, she plans to buy seeds and fertiliser. After harvesting, she sells the produce in the villages of Bandiagara and Mopti to her clientele of men and women.
She hopes to make a profit of 24000 Francs CFA at the end of the season. This profit will enable her to help her husband with family expenses and to reinvest the remainder in her business.
Elles collaborent avec l’institution de microfinance Soro Yiriwaso afin de mener à bien leurs activités maraîchères en cette fin d’hivernage.
Elles sont à leur premier prêt avec l’institution.
La spéculation cultivée est essentiellement l’oignon avec Mme Fatim Hamadou
debout en première position de la gauche vers la droite sur la photo.
Avec son prêt, elle compte acheter de la semence et des engrais. La production est vendue au niveau du village, de Bandiagara et Mopti, après la récolte à une clientèle composée d’hommes et de femmes.
Elle compte réaliser un bénéfice de 24000 Francs CFA en fin de campagne Ce bénéfice lui permettra d’aider son mari dans les dépenses familiales et réinvestir le reste dans les activités.
Important InformationSoro Yiriwaso is a microfinance institution that works primarily in rural and semi-urban areas of Mali to provide underprivileged communities with access to financial services.The organization facilitates access for disadvantaged clients, particularly women, to new resources and services, fostering solidarity and cooperation among its clients. Kiva lenders’ funds will enable Soro Yiriwaso to expand its outreach and target even more underserved Malians involved in business and agriculture.
This is a Group Loan
In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.
Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.
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Success!! The loan was 100% repaid