Fotemogoban 2 Group
They work with the microfinance institution Soro Yiriwaso to carry out their agricultural activities during the rainy season. They are on their fourth loan cycle with the institution, and all of their prior loans have been repaid in full.
Bintou (shown in the photo standing in the center of the back row), grows crops of corn. With her loan, she intends to buy agricultural inputs and seeds, and pay for the labor cost of maintaining two hectares of farmland. After the harvest, produce is sold in the village to a clientele composed of men and women.
Bintou hopes to earn and average income of 150,000 FCFA per agricultural cycle. The income she earns will allow Bintou to repay her loan and help her family pay for their daily expenses.
Elles collaborent avec l’institution de microfinance Soro Yiriwaso afin de mener à bien leurs activités agricoles pendant l’hivernage.
Elles sont à leur quatrième prêt avec l’institution et les prêts passés ont été bien remboursés.
La spéculation cultivée est le maïs avec Bintou debout au milieu sur la photo, elle 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 d’hommes et de femmes.
Elle compte réaliser un bénéfice moyen de 150.000 francs CFA 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