Benkadi Ii Group
In the hopes of making their agricultural ventures more profitable, the group members decided to work with Soro Yiriwaso's loan program and are on their second loan of the year.
Gnoumadgue, third from the right, intends to use her loan to purchase groundnut seed, small farming tools, and agricultural inputs from the main market in Selefougou. After the winter season, the harvest will be stored for a certain amount of time so that the price can increase before it is sold in the main market in Selefougou, Selingue and in the surrounding markets, individually, and often in bulk, for cash, to a clientele who generally come from the big cities.
After disseminating their agricultural products, the group members each intend to earn a 40,000 to 90,000 FCFA profit which will be used to repay the interest on their loan and to help with the daily expenses of their households.
Dans le souci de rentabiliser leurs exploitations agricoles, les membres du groupe ont décidé d’intégrer le programme crédit de Soro Yiriwaso et sont à leur deuxième prêt de campagne.
GNOUMADGUE, la troisième debout à droite, compte utiliser son prêt pour acheter, une quantité suffisante de semences d’arachide, des petits matériels et des intrants agricoles, au grand marché de SELEFOUGOU. Après l’hivernage, les récoltes sont stockées pendant un certain temps pour qu’elles aient de la valeur avant d’être vendues au grand marché de SELEFOUGOU,SELINGUE et dans les marchés environnants, en détail, souvent en gros, au comptant à une clientèle venant généralement des grandes villes.
Les membres du groupe comptent réaliser chacune, après l’écoulement de leurs produits agricoles, un bénéfice de 40.000 à 90.000 FCFA qui sera utilisé pour le remboursement des intérêts du prêt et les dépenses courantes 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