Jiguiseme Viii Group
They work with the Soro Yiriwaso micro-finance institution so they can carry out their agricultural activities during the rainy season. They are on their fifth loan with the institution, and past loans have been fully repaid.
Mamou, who is standing in the middle, cultivates groundnuts. With her loan, she intends to buy seeds and fertilizers to maintain 2.5 acres.
After harvest the crop is sold in the village and at the Sikasso market to a clientele composed of men and women. She expects to achieve an average profit of 150,000 FCFA per growing season.
Profits will enable her to pay off her loan and also help her husband with 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 cinquième prêt avec l’institution, les prêts passés ont été bien remboursés. La spéculation cultivée est l’arachide avec MAMOU debout au milieu. Avec son prêt, elle compte acheter les semences et les engrais pour entretenir 1 hectare.
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 d’aider son mari 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