Benkadi Minanan 2 Group
The women of this group are collaborating with micro-finance organization Soro Yiriwaso in order to better organize their activities at the beginning of the rainy season. The species they cultivate include rice and groundnuts. They are on their first collaboration with the organization.
Saran, the second person sitting from the right, is hoping to buy agricultural intrants and light agricultural equipment with her loan, as well as pay for plowing and weeding expenses to maintain about 2 acres 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, to a clientele composed of consumers and retailers. Saran is planning on an average profit of about 85,000 FCFA at the end of the cycle.
Ces femmes du groupe 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.
SARAN, la deuxième personne assise à droite, espère acheter avec son prêt les intrants, les petits matériels agricoles et payer les frais de labour et de sarclage pour entretenir environs 0,75 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, après les récoltes à une clientèle composée de consommateurs et de revendeurs. SARAN envisage réaliser un bénéfice moyen de 85 000F CFA 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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