Benkadi 4 Group
They are working with the microfinance institution Soro Yiriwaso (one of Kiva's field partners) to manage their agricultural businesses properly during the rainy season. They are on their fourth loan with the institution, and the three previous loans were repaid properly.
Mariam B., one of the group members grows Bambara groundnuts and rice.
With her portion of the loan, she intends to buy agricultural inputs and small equipment, and also to seek manual labour to manage 1 hectare of farmland.
After the harvest, the products are sold at the Loulouni market to a clientele composed of men and women.
She intends to realize an average profit of 55,500 FCFA at the end of the planting season, which will serve to repay her loan and also to help her husband with daily expenses.
Elles collaborent avec l’institution de microfinance Soro Yiriwaso afin de mener à bien leurs activités agricoles pendant l’hivernage. Elles sont à leur quatrième prêt avec l’institution et les trois prêts précédents se sont bien dénoués.
Les spéculations cultivées sont le pois de terre et le riz avec MARIAM B..
Avec son prêt, elle compte acheter des intrants, les petits matériels et solliciter le concours de la main d’oeuvre pour entretenir : 1hectare .
Après la récolte la production est vendue au marché de LOULOUNI à une clientèle composée d’hommes et de femmes.
Elle compte réaliser un bénéfice moyen de 55.500FCFA en fin de campagne, qui lui servira à payer son prêt et aussi d’aider son mari dans les dépenses quotidiennes.
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