Wolale Marakasso 3 Group
They grow exclusively sesame. To make their crop-farming profitable, group members decided two years ago to join the Soro Yiriwaso loan program. They are now on their second agricultural loan cycle.
Rokia, sitting in the center, wants to use her portion of the loan to buy a sufficient quantity of seeds, small farming equipment and agricultural inputs for crop-growing, at the general market in the town of San.
After the rainy season, crops are stored for a while so that they can gain value before being resold at the general market in San, Dah and in surrounding markets, retail (often in bulk) against cash mainly to customers coming from large towns.
After selling their agricultural products each member of the group hopes to achieve profits between 15,000 and 68,000 FCFA, which will be used to repay loan interests and cover ongoing family expenses.
Elles cultivent exclusivement du sésame. Dans le souci de rentabiliser leurs exploitations agricoles, les membres du groupe ont décidé d’intégrer le programme crédit de Soro Yiriwaso il y a deux ans d’ où leur deuxième prêt de campagne ROKIA, qui est assise au milieu, compte utiliser son prêt pour acheter, une quantité suffisante de semence des petits matériels et des intrants agricoles pour la culture, au grand marché de SAN ville. Après l’hivernage, les récoltes sont stockées pendant un certain temps pour qu’elles aient de la valeur avant d’être vendues au grand marché de SAN et DAH et dans les marchés environnants, en détail (souvent en gros), au comptant à une clientèle venant généralement des grandes villes.
Les membres du groupe comptent réaliser chacune, après l’écoulement de leurs produits agricoles, un bénéfice de 15000 à 68000 FCFA qui sera utilisé pour le remboursement des intérêts du prêt et les dépenses courant 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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