Kotognogontala 6 Group
They have joined the micro-finance institution Soro Yiriwaso in order to successfully carry out their farming activities during the rainy season. They are now on their eleventh farming loan with the institution and have duly repaid all their previous loans.
Woriata, a member of the group, grows groundnut. In the photo, she is first from the right in the front row. She plans to use her loan to buy one 50-kilo bag of fertilizer, one can of herbicide, and also to cover the cost of plowing to maintain 0.25 hectare of land.
After the harvest, she sells her production in Sikasso and in her village, to both men and women who pay her in cash and sometimes on credit. She is expecting to make an average profit of 73,000 CFA francs per planting season. Thanks to this profit, she will be able to repay her loan and the interest, and to help her husband with the family's daily expenses.
Elles collaborent avec l’institution de microfinance Soro Yiriwaso afin de mener à bien leurs activités agricoles pendant l’hivernage.
Elles sont à leur onzième prêt de campagne avec l’institution de microfinance soro yiriwaso, les prêts antérieurs ont été bien remboursés.
La spéculation cultivée est l’arachide avec madame WORIATA assise à la première position de la droite vers la gauche sur la photo dans ce groupe de femme KOTOGNOGONTALA 6.
Avec son prêt, elle compte acheter 1 sac de 50 kg d’engrais, 1 bidon d’herbicide et payer les frais de labour pour entretenir 0,25 hectare.
Après la récolte la production est vendue au niveau du village, aux marchés de SIKASSO à une clientèle composée d’homme et de femme au comptant et à crédit.
Elle compte réaliser un bénéfice moyen de 73 000 FCFA par campagne.
Ce bénéfice lui permettra de payer d’une part son prêt et son intérêt et d’autre part aider son mari dans les dépenses quotidiennes de la famille.
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