Nadjegueton 1 Group
They are working with micro-finance institution Soro Yiriwaso in order to be successful in their farming activities during the rainy season.
The men grow corn. With his loan, Nouhoum (standing at center in the photo) plans to buy intrants, seeds, and to pay for tilling costs on his 2 hectares of land.
After the harvest, the crops are sold in the village, at the Sikasso market to customers who are mostly retailers from the large towns.
He expects to make an average profit of 200,000 CFA francs per season.
This profit will allow him to repay the loan and also to help his extended family meet their everyday 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 Nouhoum debout au milieu, sur la photo, compte acheter avec son prêt, des intrants, la semence et payer les frais de labour pour entretenir : 2 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 200.000FCFA 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