Corn is the crop grown by DOULAYE, who is standing second from the right in the photo. With his loan, he intends to purchase farm inputs and seeds and to pay for plowing to make use of 1.5 hectares.
After the harvest, the produce is sold to men and women customers in the city of BOUGOUNI. He plans on making a profit of 200,000 francs CFA per planting. The profit will enable him to pay back the loan and help cover the day-to-day expenses of their household.
Ils collaborent avec l’institution de microfinance Soro Yiriwaso afin de mener à bien leurs activités agricoles hivernale.
Elles sont à leur 2 eme prêt avec l’institution, le prêt passé a été bien remboursé.
Le mais est la spéculation cultivée par DOULAYE, le 2 eme débout de la droite vers la gauche.
Avec son prêt, il compte acheter des intrants, la semence et payer les frais de labour pour exploiter 1,5 hectare.
La production sera vendue au niveau de la ville de BOUGOUNI, au marché, après la récolte à une clientèle composée d’hommes et de femmes.
Il compte réaliser un bénéfice de 200.000FCFA par campagne.
Ce bénéfice lui permettra de rembourser son prêt et d’aider dans les dépenses quotidiennes de leur ménage.
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