Benkadi 4 Group
These ladies are on their 5th loan cycle with micro-finance institution Soro Yiriwaso, which will allow them to meet their need for production and agricultural intrants. The previous loans were all fully repaid.
The women grow corn, rice, ground nuts, okra, etc. Maminata plans to use her loan to buy one sack of urea, 2 sacks of complex fertilizer, and the rest will be used to pay for plowing and hoeing costs. She expects to make an average monthly profit of 20,000 to 35,000 CFA francs which will be used for the family's daily expenses.
Ces clientes sont à leur cinquième 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 antérieurs ont été remboursés avec satisfaction.
Ce groupe de femme fait la culture du maïs, du riz, d’arachide, de gombo etc
MAMINATA compte utiliser son prêt pour acheter, 1 sac d’urée, 2 sacs de complexe céréale et le reste comme frais de labour et de sarclage. Elle envisage réaliser un bénéfice moyen de 20.000 FCFA à 35 000 FCFA qui sera utilisé 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