Benkadi 2 De (Benkadi B 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. They are on their fifth loan with the institution. All the preceding loans were correctly repaid.
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 24 hectares.
After the harvest, part of their production is consumed at home. The other part is sold locally in town to customers composed of men and women at the marketplace of Marka-Coungo and Fana.
The group members plan on realizing an average profit of 25,000 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 tous les précédents ont été correctement remboursés.
Avec ce nouveau prêt, elles comptent acheter, de l’engrais, de l’herbicide, des petits matériels agricoles et payer les frais de sarclage et de labour pour entretenir 24 hectares.
Après la récolte, une partie de leur production est auto consommée et l’autre partie est vendue, sur place au village, dans le marché de Marka-Coungo et à Fana, à une clientèle composée d’hommes et de femmes.
Elles comptent réaliser un bénéfice moyen de 25 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