Benkadi 1 Group
They joined Soro Yiriwaso so that they can undertake their agricultural activities during the rainy season and they are on their fourth loan with the institution, after having correctly reimbursed the three preceding loans.
MAH T. essentially cultivates rice and intends to use her share of the loan to buy agricultural inputs and small equipment and to hire laborers to help her farm 2 hectares. Her produce is sold in the village and the market of Loulouni after the harvest to a clientele composed of middlemen and also consumers.
She expects to make a profit of 105,000 F CFA at the end of the season, which will allow her to repay her loan and also to help her husband with everyday expenses. She hopes to continue to work together with Soro Yiriwaso so that she will be able to farm an even bigger acreage and make more profit.
Elles collaborent avec Soro Yiriwaso afin de mener à bien leurs activités agricoles pendant l’hivernage et sont à leur quatrième prêt avec l’institution, après avoir correctement remboursés les trois prêts précédents.
MAH T. fait essentiellement la culture du riz, et compte utiliser son prêt pour acheter des intrants, les petits matériels et recruter de la main d'œuvre pour entretenir : 2 hectares .
La production est vendue au niveau du village et au marché de LOULOUNI après la récolte à une clientèle composée de revendeurs et de consommateurs.
Elle compte réaliser un bénéfice de 105.000 FCFA en fin de campagne, qui lui permettra de payer son prêt et aussi d’aider son mari dans les dépenses quotidiennes.
Elle souhaite entretenir cette collaboration avec Soro Yiriwaso afin d’ exploiter un espace culturale encore plus grand pour mieux en tirer plus de gains.
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