Benkadi 1 Group
These clients are currently on their fifth farming loan cycle with the Soro Yiriwaso microfinance institution, with the goal of fulfilling their need for means of production and soil inputs. All previous loans were paid back adequately.
This womens’ group works growing corn, rice, peanuts and okra.
Djenba, the group’s president, is going to use her loan to purchase two bags of urea and one bag of complex fertilizer, with the remaining amount going towards costs of labor, including hoeing. She is aiming for an average profit of between 25,000 and 35,000 CFA francs, which will be used to cover her family’s day-to-day 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 et de gombo.
DJENBA qui est la présidente du groupe utiliser son prêt pour acheter, 2 sacs durée 1 sac de complexe céréale et le reste comme frais de labour et de sarclage. Il envisage réaliser un bénéfice moyen de 25.000 à 35 000 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