Benkelema 2 Group
These clients are on their third loan cycle campaign with the Soro Yiriwaso microfinance institution in order to meet the need for means of production and agricultural fertilizer. The previous loans have been satisfactorily repaid.
This group of women grows corn, rice, peanuts, okra, ground peas etc. MAYATOU plans to use her loan to buy two bags of urea, one bag of complex fertilizer and the remainder for labor and hoeing costs. She expects to make an average monthly profit of 20,000 to 25,000 CFA which will be used for the family’s household expenses.
Ces clientes sont à leur troisième cycle de prêt de campagne avec l’institution de microfinance Soro Yiriwaso afin de satisfaire le besoin en moyen de production et intrant agricole. Les prêts antérieur Sont été remboursés avec satisfaction.
Ce groupe de femme fait la culture du maïs, du riz, d’arachide, de gombo, de pois de terre, etc.
MAYATOU compte utiliser son prêt pour acheter, 2 sacs d’urée 1 sac de complexe céréale et le reste comme frais de labour et de sarclage. Il envisage réaliser un bénéfice moyen de 20.000 à 25 000 FCFA qui sera utilisée pour les dépenses quotidiennes 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