Benkadi 1 Group
They are working with micro-finance institution Soro Yiriwaso in order to better organize their activities at the beginning of the rainy season. This is their fifth loan with Soro Yiriwaso. The previous loans were fully repaid. The crops they grow are rice and groundnuts. Madame Michata, standing in the center, plans to pay for plowing costs and to buy inputs and groundnut seeds for 0.5 hectare of land. After the harvest, the crops are sold at the village of Loutanna and at the Sikasso market to customers who are both men and women. She expects to make an average profit of 75,000 CFA francs at the end of the season. The profit will allow her to repay the loan and help her husband with everyday expenses.
Elles collaborent avec l’institution de microfinance Soro Yiriwaso afin de mener à bien leurs activités agricoles pendant l’hivernage.
Elles sont à leur cinquième cycle prêt avec l’institution. Les prêts antérieurs ont été correctement remboursés.
La spéculation cultivée est : le riz et l’arachide avec Madame MICHATA debout au milieu.
Avec son prêt, elle compte payer les frais de labour, acheter des intrants et la semence d’arachide pour entretenir : 0,5 hectare.
La production est vendue au niveau du village à LOUTANA et au marché de SIKASSO après la récolte à une clientèle composée d’hommes et de femmes.
Elle compte réaliser un bénéfice moyen de 75 000 FCFA en fin de campagne.
Ce bénéfice lui permettra de payer son prêt et aussi d’aider son mari dans les dépenses quotidiennes.
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