Danaya 2 Group
They have joined the microfinance institution Soro Yiriwaso in order to successfully carry out their farming activities during the rainy season. They are on their third loan with the institution and have duly repaid their previous loans.
Sanata Mamoutou, a member of the group, grows groundnut. In the photo, she is in the standing row, first from the left.
She plans to use her loan to buy agricultural inputs, seeds, small tools, and to cover the cost of plowing to cultivate 0.5 hectare (1.23 acre) of land.
After the harvest, she will sell her production to both men and women in her own village and in San. She is expecting to make a profit of 50,000 CFA francs per growing season. This profit will allow her to repay her loan and to help her husband with the 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 troisième prêt avec l’institution, les prêts passés ont été bien remboursés.
La spéculation cultivée est l’arachide avec SANATA MAMOUTOU, 1 ere debout de la gauche vers la droite , sur la photo.
Avec son prêt, elle compte acheter des intrants, semence, des petits matériels agricoles et payer les frais de labour pour l’exploitation de 0,5 hectare.
La production sera vendue au niveau du village et à San, après la récolte, à une clientèle composée d’hommes et de femmes.
Elle compte réaliser un bénéfice de 50.000 FCFA 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