Benkadi 3 Group
They are seeking their first loan from Kiva's partner, the microfinance institution Soro Yiriwaso, in order to be able to realize their farming activities. They exclusively grow peanuts, which is still the main crop in the area. This loan will be used to buy seeds, fertilizers, small materials, and to pay for the cost of labour and hoeing of 10 hectares. After the harvest, the production will be sold for cash at the following markets : Marka-Coungo, Fana et Tingolé, to a clientele comprising both men and women.
They intend to turn an average profit of XOF 20'000 (ca US$ 45) per campaign. The women of the Benkadi 3 group ambition to obtain loans corresponding to the desired amount.
Elles sont à leur première collaboration avec l’institution de microfinance Soro Yiriwaso dans le but de pouvoir réaliser les activités agricoles. Elles font exclusivement la culture d’arachide qui reste la principale culture de la zone.
Par rapport à l’utilisation de ce prêt, elles comptent acheter, des semences, des intrants, des petits matériels et payer les frais de sarclage et de labour pour entretenir 10 hectares.
La production sera vendue au niveau des marchés de Marka-Coungo, Fana et Tingolé après les récoltes, au comptant surtout à une clientèle composée d’hommes et de femmes.
Elles comptent réaliser un bénéfice moyen de 20 000FCFA par campagne.
Les femmes du groupe Benkadi 3 ambitionnent avoir des montants à hauteur de souhait.
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