Benkadi 3 De (Benkadi A Tingolé) Group
They work with the microfinance institution Soro Yiriwaso in order to get financial support for their winter labors. Largely, their labor surrounds the cultivation of sorgho and peanuts. This is their fifth loan from the institution and all of their previous loans were completely repaid on time.
With this new loan they will purchase fertilizer, pesticides, other basic tools, and pay the hoeing and labor fees that are required to cultivate 26 hectares.
Some of their cultivation is shared among the group members for personal consumption and the rest is sold in the Marka-Coungo and Fana markets after the harvest to male and female clients.
They believe that they will make an average profit of 30 000FCFA after the harvest and sale of their crops.
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 prêts passés ont été remboursés à temps.
Avec ce nouveau prêt, elles achèteront de l’engrais, de l’herbicide, des petits matériels et payer les frais de sarclage et de labour pour entretenir 26 hectares.
Une partie de leur production est auto consommée et l’autre partie est vendue dans les marchés de Marka-Coungo et Fana, après les récoltes, 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