Wolale E Group
They collaborate with the Soro Yiriwaso micro-finance institution in carrying out their agricultural activities during the rainy season. This is their sixth loan with the institution, and past loans have been repaid in full.
The selected crops are groundnuts and millet featuring Minata, the first woman kneeling from right to left in the photo. She intends to use her loan to buy agricultural inputs, seeds, small agricultural equipment, and pay for plowing to cultivate one hectare (about 2.4 acres).
After harvest the crop will be sold at village level and in San, to a clientele composed of men and women. She expects to make an average profit of 45,000 CFA francs by the end of the growing season.
This profit will enable her to pay off her loan and also to help her husband with 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 6ème prêt avec l’institution, les prêts passés ont été bien remboursés.
La spéculation cultivée est : l’arachide et le mil avec MINATA, 1ère femme assise de la droite vers la gauche sur la photo.
Avec son prêt, elle compte acheter des intrants, des semences, des petits matériels agricoles et payer les frais de labour pour entretenir : 1 hectare.
La production sera vendue au niveau du village et à SAN , après la récolte, à une clientèle composée d’hommes et de femmes.
Elle compte réaliser un bénéfice moyen de 45 000FCFA en fin de campagne.
Ce bénéfice lui permettra de payer son prêt et aussi d’aider son mari dans les dépenses quotidiennes.
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!