Sabougnouma 4 Group
They collaborate with Kiva's partner, the microfinance organization Soro Yiriwaso, in order to realize their rainy season activities. They mainly grow peanuts and millet. They are seeking their third loan from Soro Yiriwaso, and the previous loans ended without problems. With this new loan, they intend to buy seeds, fertilizers, small materials, and to pay for the cost of labour and hoeing of 17.5 hectares. After the harvest, the production will be sold at the following markets : Marka-Coungo, Fana and Tingolé, to a clientele comprising both men and women.
They intend to turn an average profit of XOF 40'000 (ca US$ 85) per campaign, to be used to repay the loan and help their husbands to provide for the family.
Elles collaborent avec l’institution de microfinance Soro Yiriwaso afin de mener à bien leurs activités hivernales. Les spéculations sont l’arachide et le petit mil. Elles sont à leurs troisièmes collaborations avec l’institution, les prêts passés se sont bien dénoués.
Avec ce nouveau prêt, elles comptent acheter, des semences, des intrants, des petits matériels et payer les frais de sarclage et de labour pour entretenir 17.5 hectares.
Les productions seront vendues au niveau des marchés de Marka-Coungo, Fana et Tingolé après les récoltes à une clientèle composée d’hommes et de femmes.
Elles comptent réaliser un bénéfice moyen de 40 000FCFA par campagne qui sera utilisé pour rembourser les intérêts du prêts et aider les maris à subvenir aux dépenses familiales.
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