Soutoura 3 Group
They joined the microfinance institution Soro Yiriwaso to sustain their farming activities during the rainy season. This is their 8th collaboration with the MFI. All past loans were correctly repaid.
Mrs. Fatou grows groundnuts. She is the group member standing first from the right in the photo. She will use her loan to buy two 50-kg sacks of groundnut seeds and two jugs of herbicide, and to pay for the plowing needed to maintain 0.75 hectares of farmland.
After the harvest, the crops will be sold in the village and at the Sikasso markets to a clientele consisting of men and women, cash or credit.
Mrs. Fatou expects to earn an average profit of 108,000 FCFA per campaign. She will use her profits to repay her loan and the interest, and to help her husband with the household’s day-to-day 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 huitième prêt solidaire avec l’institution de microfinance soro yiriwaso, les prêts passés ont été bien remboursés.
La spéculation cultivée est l’arachide avec madame FATOU débout à la première position de la droite vers la gauche sur la photo dans ce groupe de femme.
Avec son prêt, elle compte acheter 2 sacs de 50 kg, 2 bidons d’herbicide et payer les frais de labour pour entretenir 0,75 hectare.
Après la récolte la production est vendue au niveau du village, aux marchés de SIKASSO à une clientèle composée d’homme et de femme au comptant et à crédit.
Elle compte réaliser un bénéfice moyen de 108 000 FCFA par campagne.
Ce bénéfice lui permettra de payer d’une part son prêt et son intérêt et d'autre part aider son mari dans les dépenses quotidiennes de la famille.
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