Solomane is a member of the group, and is the second person standing from left to right in the photo. With his loan he plans to buy five sacks of urea, two sacks of complex fertilizer and four drums of herbicide. Solomane buys his supplies from wholesalers in the town of Bougouni. He gets six tons of corn from his harvest, two of which are for his family to eat, while the remaining four tons will be sold to repay his loan and support his children's education expenses.
Ils sont à leur quatrième collaboration avec l’institution de microfinance Soro Yiriwaso. Ce groupe d’homme fait la culture de maïs depuis près de dix ans.
SOLOMANE,la deuxième personne debout de la gauche vers la droite. Il compte acheter avec son prêt, 5 sacs d’urée,deux sacs de complexe céréale et 4 bidons d’herbicides. Elle s’approvisionne dans la ville de Bougouni auprès des grossistes.
A la récolte, il compte obtenir 6 tonnes maïs dont une partie 2 tonnes sera destinée à la consommation familiale et 4 tonnes sera vendue pour rembourser le prêt et soutenir les frais de scolarités des enfants.
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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