Benkadi 6 Group
Hoping to make more profit from farming, the group decided to sign up with Soro Yiriwaso this year, and are receiving their first operational loan.
Baco D. plans to use her loan to buy seed peanuts, small tools, and fertilizer at the big market in Tene. After the rains end, the harvest is stored long enough to increase in value and be sold in the big markets of Tene, Mopti and other nearby markets at retail (often, wholesale) to customers who mostly come from large towns.
Each member of the group is counting on making a profit of between 15,000 and 38,000 CFA after their produce is sold. They will use the money to pay loan interest and day-to-day family expenses.
Dans le souci de rentabiliser leurs exploitations agricoles, les membres du groupe ont décidé d’intégrer le programme crédit de Soro Yiriwaso cette année et sont à leur premier prêt de campagne.
BACO T. compte utiliser son prêt pour acheter, une quantité suffisante de semence d’arachide, des petits matériels et des intrants agricoles, au grand marché de TENE. Après l’hivernage, les récoltes sont stockées pendant un certain temps pour qu’elles aient de la valeur avant d’être vendues au grand marché de TENE, MOPTI et dans les marchés environnants, en détail (souvent en gros), au comptant à une clientèle venant généralement des grandes villes.
Les membres du groupe comptent réaliser chacune, après l’écoulement de leurs produits agricoles, un bénéfice de 15000 à 38000 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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