Benkadi I Group
They are partnering with micro-finance organization Soro Yiriwaso in order to be able to better organize their activities at the beginning of the rainy season. The crops they cultivate include rice and groundnuts. They are on their first collaboration with the organization.
The woman sitting in the middle, Yaoussa, intends on using this new loan to buy agricultural inputs and small equipment, and to pay for plowing and weeding costs to maintain about 1.2 acres of rice and groundnuts.
After the harvest, the production is sold in the town of Massigui to a clientele comprising men and women. This group expects to make an average profit of about 20,000 CFA per agricultural cycle.
Elles collaborent avec l’institution de microfinance Soro Yiriwaso dans le but de pouvoir mieux organiser leurs activités en début d’hivernage. Les spéculations cultivées sont entre autres le riz et l’arachide. Elles sont à leur cinquième collaboration avec l’institution.
Avec ce nouveau prêt, YAOUSSA, qui assise au milieu, compte acheter les intrants, les petits équipements et payer les frais de labour (sarclage) pour entretenir environs 0,5 hectare de riz et d’arachide.
Les productions sont vendues au niveau de la ville de Massigui après les récoltes à une clientèle composée d’hommes et de femmes. Elles comptent réaliser un bénéfice moyen de 20 000FCFA environs par campagne.
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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