Benkadi Iv Group
The women of the group work with Soro Yiriwaso in order to better organize their winter activities. The crops they cultivate include millet, groundnut and beans.
This is their second loan and the first one was correctly repaid.
With this new loan FATOUMATA SEYDOU D. plans to buy fertilizer and small tools and hire help to maintain about 1 hectare of groundnut.
The production is sold in the city of Dioïla after harvest, to resellers mostly.
The members of the group expect to make a profit of 85 000 FCFA at the end of the season.
Elles collaborent avec l’institution de microfinance Soro Yiriwaso dans le but de pouvoir mieux organiser leurs activités hivernales. Les spéculations cultivées sont le petit mil, l’arachide et le haricot.
Elles sont à leur deuxième prêt de campagne et le prêt précédent a été bien remboursé.
Avec ce nouveau prêt, FATOUMATA SEYDOU D. compte acheter les intrants, les petits équipements et payer les frais de main d’œuvre pour entretenir environ 1 hectare d’arachide.
La production est vendue au niveau de la ville de Dioïla après la récolte à une clientèle composée essentiellement de revendeurs.
Elle compte réaliser après la campagne, un bénéfice de 85.000FCFA.
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