Benkadi 4 Group
They are on their fifth Country Loan cycle with the microfinance institution Soro Yiriwaso to be able to obtain means of production and farm inputs. Their previous loans were repaid in full.
The group grows corn, rice, peanuts, and okra.
Sarata's main crop is peanuts, and she plans on using the loan to buy 4 sacks of urea, 2 sacks of complex cereal, and the rest will be used to pay for labor and hoeing. They hope to make an average profit of 45,000 to 50,000 FCFA, which will be used to pay daily family expenses.
They hope to increase their profits to better satisfy their customers.
Ces clientes sont à leur cinquième cycle de prêt de campagne avec l’institution de micro finance 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..
SARATA a pour culture principale l’arachide, elle compte utiliser son prêt pour acheter, 4 sacs durée, 2 sacs de complexe céréale et le reste comme frais de labour et de sarclage. Il envisage réaliser un bénéfice moyen de 45.000 à 50 000 FCFA qui sera utilisée pour les dépenses quotidiennes de la famille.
Il ambitionne d’augmenter son chiffre d’affaire pour mieux satisfaire sa clientèle.
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