Benkadi Minanan 1 Group
They are collaborating with micro-finance organization Soro Yiriwaso in order to better organize their activities at the beginning of the rainy season. They mainly cultivate rice and groundnuts. They are on their first collaboration with the organization.
With this first loan, Noumoudjo – the first woman sitting from the right – plans on buying agricultural intrants and small equipment as well as pay for plowing and weeding expenses to maintain about 1.5 acre of rice and groundnuts.
After the harvest, productions are sold locally at the village market as well as in markets in Banco and N’Golobougou, the main weekly market in the area, to a clientele composed of men and women. The women from group Benkadi Minanan 1 are counting on making an average profit of about 75,000 FCFA at the end of the 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 essentiellement le riz et l’arachide. Elles sont à leur première collaboration avec l’institution.
Avec ce premier prêt, NOUMOUDJO, la première assise à droite, compte acheter les intrants, les petits équipements et payer les frais de labour et de sarclage pour entretenir environs 0,5 hectare de riz et d’arachide.
Les productions sont vendues sur place au marché du village, au niveau du marché de Banco et de N’Golobougou (le principal marché hebdomadaire de la contrée), après les récoltes à une clientèle composée d’hommes et de femmes. Les femmes du groupe BENKADI MINANAN 1 comptent réaliser un bénéfice moyen de 75.000F CFA environs à la fin de la 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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