Layidou Ii Group
They collaborate with the microfinance institution Soro Yiriwaso so as to succeed in their agricultural activities during the rainy season. They are on their fifth seasonal loan with the institution.
Minata Sekou, the first person standing left to right in the photo, grows peanuts and rice. With her loan portion she intends to buy inputs and seeds and to pay for labor expenses to cultivate 1.5 hectares of land. Her produce is sold right in Selingue, after the harvest, to a clientele composed of resellers and of consumers. She expects to make an average profit of 195,000 F CFA per growing season. This profit will allow her to repay her loan and also to help her husband with 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 cinquième prêt de campagne avec l’institution.
La spéculation cultivée est l’arachide et le riz avec MINATA SEKOU , 1èr personne debout de la gauche vers la droite de la photo.
Avec son prêt, elle compte acheter des intrants, des semences et payer les frais de labour pour entretenir 1,5 hectare.
La production est vendue au niveau de SELINGUE, après la récolte à une clientèle composée de revendeurs et de consommateurs.
Elle compte réaliser un bénéfice moyen de 195.000FCFA par campagne.
Ce bénéfice lui permettra de payer son prêt et aussi d’aider son mari 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