Allakan Soutra Group
They collaborate with the Soro Yiriwaso micro-finance institution in carrying out their farming activities during the rainy season. They are on their fifth agricultural loan cycle with the institution, and previous loans have been repaid in full.
The crop cultivated is groundnuts featuring Mrs. Madialia, who is sitting in the first position from right to left in the photo of this Allakan Soutra group of women.
She will use her loan to buy two 50-kilo bags of fertilizer, one container of herbicide, and pay for plowing to maintain 0.75 hectares (about 1.85 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 average profits of 85,000 CFA francs per crop year, which will enable her on the one hand to pay off her loan and its interest, and on the other hand to help her husband with daily household 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 cinquième 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 MADIALIA assise à la première position de la droite vers la gauche sur la photo dans ce groupe de femme ALLAKAN SOUTRA .
Avec son prêt, elle compte acheter 2 sacs de 50 kg d’engrais, 1 bidon d’herbicide, payer les frais de labour pour entretenir 0,75 hectare.
Après la récolte la production est vendue au niveau du village, à SIKASSO à une clientèle composée d’homme et de femme au comptant et à crédit.
Elle compte réaliser un bénéfice moyen de 85 000 FCFA par campagne.
Ce bénéfice lui permettra de payer d’une part son prêt et son interêt 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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This loan has been fully funded!