Benkadi 4 Group
Wishing to make their agricultural enterprises more profitable, the members of the group decided to join the loan institution Soro Yiriwaso three years ago. After having reimbursed their preceding loans, they are on their third agricultural loan for this growing season.
Fanta Dembélé intends to use her share of the loan to buy a sufficient quantity of peanut seeds and various small implements and agricultural entrants, purchasing exclusively at the big open-air market of San city. During the off-season, she warehouses her harvest for a certain time so that it grows in value before selling it at the Dan and San markets and in surrounding marketplaces, retail (or often wholesale) for cash to a clientele generally coming from the big cities.
After that part of her production that is destined to be sold is gone, Fanta Dembélé, like the other members of the group, expects to make a profit of 35,000 F CFA which will be used to reimburse the interest on the loan and for on-going family expenses.
Dans le souci de rentabiliser leurs exploitations agricoles, les membres du groupe ont décidé d’intégrer le programme crédit de Soro Yiriwaso depuis maintenant 3 ans. Après avoir correctement remboursé les prêts précédents, elles sont à leur troisième prêt de campagne.
Fanta Dembélé envisage utiliser son prêt pour acheter, une quantité suffisante de semence d’arachide, des petits matériels et des intrants, exclusivement au grand marché de San ville. Après l’hivernage, sa récolte est stockée pendant un certain temps pour qu’elle ait de la valeur avant d’être vendue au grand marché de Dah, San et dans les marchés environnants, en détail (souvent en gros), au comptant à une clientèle venant généralement des grandes villes.
Fanta Dembélé à l’instar des autres membres du groupe compte réaliser, après l’écoulement de sa production destinée à la vente, un bénéfice de 35 000 FCFA qui sera utilisé pour le remboursement des intérêts du prêt et les dépenses courantes de la famille.
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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