Bendiya 3 Group
They collaborate with the Microfinance insitution Soro Yiriwaso in order to successfully carry out their agricultural activities during winter. This is their second loan with the institution, with the first being duly repaid.
The crops in which they invest are: peanuts, rice and pois sucre nuts.
Mama C. is the president of the group.
WIth her loan, she intends to buy agricultural products and equipment to cultivate 2.5 hectares.
After the harvest, the produce is sold to a mixed male and female clientele in the village and at the markets in Dallen and Loulouni.
She hopes to make an average profit of 95 500 FCFA each season, which will enable her to repay her loan and to help her husband provide for the needs of the family.
Elles collaborent avec l’institution de microfinance Soro Yiriwaso afin de mener à bien leurs activités agricoles pendant l’hivernage. Elles sont à leur deuxième prêt avec l’institution, le prêt passé a été bien remboursé.
Les spéculations cultivées sont :, l’arachide, le riz et le pois sucré avec MAMA C., la présidente du groupe.
Avec son prêt, elle compte acheter des intrants et les petits matériels pour entretenir : 2 ,5 hectares.
La production est vendue à une clientèle composée d’hommes et de femmes au niveau du village, au marché de du village de DALLEN et au marché de LOULOUNI après la récolte.
Elle compte réaliser un bénéfice moyen de 95.500 FCFA par campagne, qui servira à payer son prêt et aider son mari à subvenir à certains besoins 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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Success!! The loan was 100% repaid