Nadiegueton A Group
Nouhou, who is standing second from the right in the photo, grows corn. With his loan, he plans to buy seeds and farm inputs and to pay the cost of labor to farm three hectares of land.
After the harvest, crops will be sold in the village and at markets in Sikasso to customers who are mostly resellers coming from the large towns.
Nouhou hopes to earn an average profit of 500,000 francs CFA per harvest.
Earnings will allow him to pay back his loan and also help his large 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.
La spéculation cultivée est le maïs avec Nouhou 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 3 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 500.000 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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