Katiereton 1 Group
They are working with the microfinance institution Soro Yiriwaso in order to bring their farming activities to a successful conclusion during the rainy season. The crop that they are growing is maize.
Standing at the center, in the photo, Adama is planning to use his loan to buy agricultural inputs and seeds, and also to pay for the cost of plowing on a 4-hectare land.
Production is sold at the village level, and, after the harvest, at the Sikasso market to a customer base which mostly consists of resellers from the big cities.
Adama is expecting average profits to reach 600,000 CFA francs per season. Profits will help him to repay his loan and to take care of his large family's daily expenses.
Ils collaborent avec l’institution de microfinance Soro Yiriwaso afin de mener à bien leurs activités agricoles pendant l’hivernage.
La spéculation cultivée est : le maïs, et Adama debout au milieu, sur la photo,
compte acheter avec son prêt, des intrants, la semence et payer les frais de labour pour entretenir : 4 hectares.
La production est vendue au niveau du village, au marché de Sikasso après la récolte à une clientèle composée essentiellement de revendeurs venant des grandes villes.
Il compte réaliser un bénéfice moyen de 600.000FCFA par campagne.
Ce bénéfice lui permettra de payer son prêt et aussi aider la grande famille 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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Success!! The loan was 100% repaid