Sinignessigui I Group
Seydou, shown standing in the center in the photo, grows crops of corn. With his loan, he intends to buy agricultural inputs and seeds, and pay for the labor needed to maintain one hectare of farmland. After the harvest, his produce is sold at the village in Sikasso to a clientele composed mainly of retailers coming from big cities.
Seydou expects to earn an average income of 200,000 Francs CFA per agricultural cycle. This income will allow him to repay his loan and also to help the family with their 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 quatrième prêt avec l’institution, les prêts passés ont été bien remboursés.
La spéculation cultivée est le maïs, et SEYDOU debout au milieu sur la photo, il compte acheter avec son prêt, des intrants, la semence et payer les frais de labour pour exploiter 1 hectare.
La production est vendue au niveau du village, à Sikasso après la récolte à une clientèle composée essentiellement de revendeurs venant des grandes villes.
Il compte réaliser un bénéfice moyen de 200.000 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