Jekabara 1 Group
They have been working with the Soro Yiriwaso micro-finance institution to carry out their farming activities during the rainy season. They are on their sixth agricultural loan cycle with Soro Yiriwaso, and all previous loans have been repaid in full.
The selected crop is groundnuts featuring Mrs. Awa, who is sitting in the middle in the picture of this Jekabara 1 group of women. She will use her loan to buy seeds, one 50-kilo bag of fertilizer, one can of herbicide, and pay the tilling costs to maintain one half of an hectare (about 1.24 acres).
After harvest the crop is sold at village level and in Sikasso, to a clientele composed of men and women, for cash and on credit.
She expects to make an average profit of 63,000 CFA francs per growing season. This profit will enable her to pay off the loan and its interest, and also 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 sixième 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 AWA assise au milieu sur la photo dans ce groupe de femme JEKABARA 1.
Avec son prêt, elle compte acheter, de la semence, 1 sac de 50 kg d’engrais, 1 bidon d’herbicide et payer les frais de labour pour entretenir 0,5 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 63 000 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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