Nadjegueton 4 Group
They work with Kiva's partner, the MFI Soro Yiriwaso, in order to be successful with their agricultural activities during the rainy season. Their crops is corn.
Daouda, sitting on the left in the photograph, intends to use his part of the loan to buy fertilizers and seeds, and pay labor costs to maintain 1.5 hectare of land.
After the harvest, the production is sold in the village and at the market in Sikasso, to a clientele comprising mostly resellers from the larger cities.
Daouda intends to turn an average monthly profit of XOF 185'000 (ca US$ 350) per farming cycle, to be used to repay the loan, and also support the daily expenses of his large family.
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 Daouda 1ere assis de la gauche vers la droite, sur la photo, compte acheter avec son prêt, des intrants, la semence et payer les frais de labour pour entretenir : 1,5 hectare.
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 185.000FCFA 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