Benkadi 1 De (Benkadi A Tingolé) Group
The group members are collaborating with the micro-finance institution Soro Yiriwaso with the goal of obtaining financial support to carry out their winter-time work. Their businesses revolve around growing sorghum and peanuts. The group members are on their fifth loan with the institution, and the past loans were repaid on time. With this new loan, they intend to buy fertilizer, herbicide, and minor supplies and equipment. And they intend to cover the cost of weeding and labor for maintaining 27.5 hectares.
A part of their production is consumed at home, the other part is sold to customers composed of men and women at the marketplaces of the village of Marka-Coungo and Fana following the harvests.
The group members plan on realizing an average profit of 30,000 francs CFA after the planting season.
Elles collaborent avec l’institution de microfinance Soro Yiriwaso dans le but d’avoir un soutien financier pour la réalisation de leurs activités hivernales. Leurs activités sont axées sur la culture du sorgho et de l’arachide. Elles sont à leur cinquième prêt avec l’institution et les prêts passés ont été remboursés à temps.
Avec ce nouveau prêt, elles comptent acheter, de l’engrais, de l’herbicide, des petits matériels et payer les frais de sarclage et de labour pour entretenir 27.5 hectares.
Une partie de leur production est auto consommée et l’autre partie est vendue sur les marchés du village de Marka-Coungo et Fana après les récoltes et à une clientèle composée d’hommes et de femmes.
Elles comptent réaliser un bénéfice moyen de 30 000FCFA après la campagne.
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