Noupagagnon Ii Group
They work with the microfinance institution Soro Yiriwaso in order to manage their agricultural businesses well during winter.
They are on their second loan with the institution and the previous loan was well repaid.
Ibrahima, sitting in the first position from left to right, grows corn. With his loan he plans to buy inputs, seeds and to pay the labor costs to maintain 1 hectare.
After the harvest, the produce is sold at the village level and at the market to a clientele composed of men and women. He plans to make an average profit of 165,000 FCFA per crop cycle.
This profit will allow him to pay back his loan and also to help his large family with the daily expenses.
Ils collaborent avec l’institution de microfinance Soro Yiriwaso afin de mener à bien leurs activités agricoles pendant l’hivernage.
Ils sont à leur deuxième prêt avec l’institution et le prêt passé à été bien remboursé.
La spéculation cultivée est le maïs avec IBRAHIMA assis en première position de la gauche vers la droite, il compte acheter avec son prêt, des intrants, la semence et payer les frais de labour pour entretenir 1 hectare.
La production est vendue au niveau du village et au marché après la récolte à une clientèle composée d’hommes et de femmes. IL compte réaliser un bénéfice moyen de 165.000 francs CFA par campagne.
Ce bénéfice lui permettra de payer son prêt et aussi aider la grande famille 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