Lafia I Group
They work with the microfinance institution Soro Yiriwaso with the goal of being able to organize their businesses better at the beginning of the winter season. They plan to grow, among other things, peanuts, millet, gombo, and sesame. They are on their sixth loan with the institution.
With this loan, Gna, the first person from the left in the row of those standing up, plans to buy fertilizer, small equipment, and to pay labor costs for working about 1.5 hectares of millet and peanuts.
The produce is sold in the city of Marka Coungo, to male and female customers. She plans to earn an average monthly income of 45,000 CFA per field.
Elles collaborent avec l’institution de micro finance Soro yiriwaso dans le but de pouvoir mieux organiser leurs activités en début d’hivernage. Les spéculations cultivées sont entre autres (Culture de l’arachide, du mil, du gombo et du sésame). Elles sont à leur sixième collaboration avec l’institution.
Avec ce nouveau prêt, GNA première personne à partir de la gauche dans le rang des debout, compte acheter les intrants, les petits équipements et payer les frais de labour pour entretenir environs 1.5Ha de mil et d’arachide.
Les productions sont vendues au niveau de la ville de Marka Coungo, après les récoltes à une clientèle composée d’hommes et de femmes. Elle compte réaliser un bénéfice moyen de 45 000F CFA environs par campagne.
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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