Benkadi 5 De (Benkadi Fofodiana) Group
They work with the Soro Yiriwaso micro finance institution in order to have financial support to carry out their winter occupation. They cultivate sorghum, peanuts and beans. This is their fifth experience with this institution and all past loans were repaid on time.
With this new loan, they intend to buy fertilizer, herbicides and small farm equipment and to pay the hoeing and labor expenses to maintain 25 hectares.
They will consume one part of their goods and the other part will be sold in the Tingolé, Marka-Coungo and Fana markets to a clientele composed of men and women.
They count on making an average profit of 50,000 CFA francs after the campain.
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 de l’arachide et du haricot. Elles sont à leur cinquième expérience avec l’institution et tous les prêts passés ont été remboursés à temps.
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 25 hectares.
Une partie de leur production est auto consommée et l’autre partie est vendue sur les marchés de Tingolé, de Marka-Coungo et de Fana à une clientèle composée d’hommes et de femmes.
Elles comptent réaliser un bénéfice moyen de 50 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