Benkadi 4 Group
They are on their fifth Country Loan cycle with the microfinance institution Soro Yiriwaso to obtain production means and farm inputs. Their previous loans were repaid in full.
The group grows corn, rice, peanuts, okra, and peas.
Fatoumata plans on buying 3 sacks of urea, 2 sacks of complex cereals, and the rest of the money will be used for labor costs and hoeing. They hope to make an average profit of 50,000 to 55,000 FCFA which will be used to pay for their families' 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, pois de terre etc
FATOUMATA compte acheter, 3 sacs d’urée 2 sacs de complexe céréale et le reste comme frais de labour et de sarclage. Il envisage réaliser un bénéfice moyen de 50.000 à 55 000 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