Kartierton 1 Group
These men have joined the micro-finance institution Soro Yiriwaso in order to successfully carry out their farming activities during the rainy season.
Seriba, a member of the group, grows maize. In the photo, he is standing second from the right. He plans to use his loan to buy fertilizers, seeds, and to cover the cost of plowing to maintain 1.5 hectare of land. After the harvest, he sells his production at the Sikasso markets to a group of customers which mostly consists of resellers from the main cities. He is expecting to make an average profit of 200,000 CFA francs per planting season. Thanks to this profit, he will be able to repay his loan and to contribute to his large family's daily expenses.
Ils collaborent avec l’institution de microfinance Soro Yiriwaso afin de mener à bien leurs activités agricoles pendant l’hivernage.
La spéculation cultivée est le maïs avec Seriba debout en deuxième position de la droite vers la gauche sur la photo; il compte acheter avec son prêt, des intrants, la semence et payer les frais de labour pour entretenir 1,5 hectares.
La production est vendue au niveau du village, aux marchés de 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 FCFA 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.
28View loans »
Success!! The loan was 100% repaid