Benkola 7 Group
They work with the microfinance institution Soro Yiriwaso in order to better organize their farming businesses at the beginning of the rainy season. The crops they cultivate are, among others, rice and peanuts. This is their first collaboration with the institution.
With her share of the loan, Nieba, the second person from the left in the row of seated women, is intending to buy farm inputs and small tools and pay plowing costs to plant about 0.25 hectares of rice and peanuts.
Their produce is sold at the markets of Baou, Koula, Banco, and N’Golobougou, after the harvest, to a clientele composed of men and women. They expect to make an average profit of around 20,000 F CFA per growing 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 première collaboration avec l’institution.
Avec ce prêt, NIEBA, la deuxième personne à partir de la gauche dans le rang des assises, compte acheter les intrants, les petits équipements et payer les frais de labour pour entretenir environs 0,25 hectare de riz et d’arachide.
Les productions sont vendues au niveau du marché de Baou, de Koula, de Banco et de N’Golobougou, après les récoltes à une clientèle composée d’hommes et de femmes. Elles comptent réaliser un bénéfice moyen de 20 000F CFA 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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