Bendiya 3 Group
They collaborate with the Soro Yiriwaso microfinance institution in order to better organize their activities for the beginning of the rainy season.
Crops cultivated are peanuts, pearl millet, beans and corn. This is their fifth planting loan and all previous loans have been fully repaid.
With this new loan, RAMATOU D. intends to pay for small tools and planting supplies before the price increases and for ploughing to maintain approximately 1.4 hectare of peanuts and beans.
The crops are sold in the towns of Dioïla and Fana after the harvest to a clientele composed of men and women. They expect to make an average profit of 40,000 CFA at the end of the crop year.
Elles collaborent avec l’institution de microfinance Soro Yiriwaso dans le but de pouvoir mieux organiser leurs activités en début d’hivernage.
Les spéculations cultivées sont l’arachide, le petit mil, le haricot et le maïs. Elles sont à leur cinquième prêt de campagne et tous les prêts précédents ont été bien remboursés.
Avec ce nouveau prêt, RAMATOU D. compte acheter les intrants avant la hausse des prix, les petits équipements et payer les frais de labour pour entretenir environs 1,4 hectare d’arachide et de haricot.
Les productions sont vendues au niveau de la ville de Dioïla et Fana après les récoltes à une clientèle composée d’hommes et de femmes. Elles comptent réaliser un bénéfice moyen de 40000FCFA environs en fin de 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