Ankabenkelekan 1 Group
In order to strengthen their assets, the members of the group have decided to join the loan program offered by Soro Yiriwaso. This is their eighth agricultural loan.
Minata Moulaye is a member of the group; she cultivates rice and, in the photo, she is in the front row, kneeling, on the left-hand side.
She is planning to use her loan to buy seeds, fertilizer and to pay for the cost of plowing.
She buys her supplies in Fonfona and, after the harvest, she sells her crop for cash, at the market, to a customer base which comprises wholesale resellers and retail consumers.
Whereas every other member of the group is expecting to make an average profit of 100,000 CFA francs, Minata Moulaye is expecting her own profits to reach 110,000 CFA francs.
With their earnings, the members of the group will not only repay their loan but also cover some of their families' expenses.
They wish to strengthen their collaboration with Soro Yiriwaso in order to increase their agricultural assets.
Pour augmenter la taille de leurs avoirs, les membres ont décidé d’intégrer le programme crédit de Soro Yiriwaso. Elles sont à leur huitième prêt de campagne agricole.
Minata Moulaye est un membre du groupe, accroupie à gauche qui fait la culture du riz.
Elle compte utiliser son prêt pour acheter, de la semence, payer les frais de labour et acheter de l’engrais. Elle se procure de ces produits à Fonfona. Après les récoltes elle vend ses céréales en gros, en détails et au comptant au marché et à une clientèle composée de revendeurs et de consommateurs.
Tandis que les autres membres du groupe comptent réaliser un bénéfice moyen de 100.000CFA chacune au cours de ce cycle Minata Moulaye compte réaliser 110 000FCFA.
En plus du remboursement des prêts, elles utilisent une partie du revenu pour faire face aux dépenses personnelles et de la famille.
Elles souhaitent voir renforcer ce partenariat avec Soro Yiriwaso pour que les avoirs dans les champs puissent augmenter.
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