Benkadi De Fofanabougou Group
The group members just started collaborating with the micro-finance institution Soro Yiriwaso with the goal of being able to carry out their winter-time work. They grow corn exclusively which remains the dominant crop of the area.
As for the use of this loan, they intend to buy seeds, fertilizer and the like, and minor farm supplies and equipment. They also intend to cover the cost of labor for maintaining 5 hectares. Supplies are gotten essentially from the weekly market of the city of FANA.
After the harvests, the produce is sold in Fana, Tingolé, to customers composed of men and women. The group members plan on realizing an average profit of 100,000 francs CFA after the planting campaign.
Ils viennent de commencer leur collaboration avec l’institution de microfinance Soro Yiriwaso dans le but de pouvoir réaliser les activités hivernales. Ils font exclusivement la culture du maïs qui reste la culture dominante de la zone.
Par rapport à l’utilisation de ce prêt, ils comptent acheter, des semences, des intrants, des petits matériels agricoles et payer les frais de labour pour entretenir 5 hectares. Ils s’approvisionnent essentiellement sur le marché hebdomadaire de la ville de FANA.
La production est vendue au niveau de Fana, Tingolé, après les récoltes, à une clientèle composée d’hommes et de femmes.
Ils comptent réaliser un bénéfice moyen de 100 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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