Benkadi Iii Group
Concerned about making their plantations profitable, the group members decided to join the loan program of the micro-finance institution Soro Yiriwaso and are now on their second farm loan.
KAMISSA, who is standing first from the left in the photo, intends to use her loan to buy a sufficient quantity of peanut seeds, assorted equipment and supplies, and some farm inputs at the big market of SELEFOUGOU.
Following the off-season, the produce is stocked for a while, so that it gains in value. Then it is sold retail, often in bulk, for cash at the big market of SELEFOUGOU, SELINGUE, and at surrounding markets. Customers generally come from large cities.
After selling her produce, KAMISSA plans on making a profit of 65,000 francs CFA that will be used to pay the loan interest and to cover typical family expenses.
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.
KAMISSA, la première debout à gauche, 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.
Elle compte réaliser, après l’écoulement de sa production agricole, un bénéfice de 65.000 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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