Benkadi Iv Group
The women are collaborating with the micro-finance institution Soro Yiriwaso with the goal of better organizing their activities as winter begins. The crops grown include rice and peanuts. The group members are on their fifth collaboration with the institution.
With this new loan, DJENEBA (seated in the middle in the photo) intends to buy farm inputs and to pay the cost of weeding to maintain about one hectare of rice and peanuts.
After the harvest, the produce is sold in the village of Massigui to a customer base composed of women and men. DJENEBA plans on making an average profit of about 75,000 francs CFA at the end of the planting season.
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, DJENEBA, assise au milieu, compte acheter les intrants et payer les frais de labour (sarclage) pour entretenir environs 1 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. Elle compte réaliser un bénéfice moyen de 75.000FCFA environs en fin de 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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Success!! The loan was 100% repaid