Benkola I Group
They work with Soro Yiriwaso, a microfinance institution, to conduct their farming business during the rainy season. They are on their third loan with the institution. Their past loans have been completely repaid.
The crop : sweet peas by MAIMOUNATA, the first woman on the right totally covered in blue. With her loan, she plans to buy inputs and seeds for maintaining 3 hectares. The output is sold in villages, at the DALLEN village market and at the LOULOUNI market after the harvest, to male and female customers. She plans to earn an average profit of 65,000 FCFA per year. This profit will allow her to repay her loan and also to help her husband with the daily expenses. She wished to maintain this collaboration with Soro Yiriwaso to farm an even larger agricultural area to better earn more income.
Elles collaborent avec l’institution de microfinance Soro Yiriwaso afin de mener à bien leurs activités agricoles pendant l’hivernage.
Elles sont à leur troisième prêt avec l’institution, les prêts passés ont été bien remboursés.
La spéculation cultivée est : le pois sucré avec MAIMOUNATA, la première à droite tout de bleu couverte.
Avec son prêt, elle compte acheter des intrants et la semence pour entretenir : 3 hectares. La production est vendue au niveau du village, au marché du village de DALLEN et au marché de LOULOUNI après la récolte à une clientèle composée d’hommes et de femmes.
Elle compte réaliser un bénéfice moyen de 65.000FCFA par campagne.
Ce bénéfice lui permettra de payer son prêt et aussi d’aider son mari dans les dépenses quotidiennes.
Elle souhaite entretenir cette collaboration avec Soro Yiriwaso afin d’ exploiter un espace cultural encore plus grand pour mieux en tirer plus de gains.
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