Benkelema 3 Group
When Soro Yiriwaso started offering farming loans (agricultural loans) that apply to their business activity of farming, these women seized the opportunity. They are on their second farming loan, the first one having been fully repaid.
They intend to use this current loan to cover the cost of plowing, weeding, and purchasing seeds, fertilizer and weed-killer.
They want to cultivate 23 hectares as areas for growing groundnut, rice and millet. These women hope to produce an average of three metric tons per hectare, making 69 metric tons in total.
Part of harvest will be consumed and the rest will be stored and then sold for cash.
The generated profit will be used to reimburse the loan, to take care of certain family expenses and to buy trousseaus for their daughters.
Avec l’ouverture du prêt de campagne (prêt agricole) de Soro Yiriwaso, qui correspond avec leur activité étant paysannes, ces femmes ont saisi l’occasion. Elles sont à leur deuxième prêt de campagne, le premier a été bien remboursé.
Elles veulent utiliser ce prêt actuel pour les frais de labour, de sarclage, l’achat de semences, d’engrais et d’herbicides.
Elles veulent cultiver 23 hectares avec comme spéculations l’arachide, le riz et le mil. Ces femmes espèrent sur une production moyenne de 3 tonnes par hectare soit 69 tonnes.
Une partie de la récolte sera consommée, l’autre partie stockée d’abord puis vendue au comptant.
Le bénéfice généré sera utilisé pour rembourser le prêt, prendre en charge certaines dépenses de la famille et acheter les trousseaux de mariage des filles.
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