Benkadi 1 Group
With the goal of increasing their produce output, the group members have joined Soro Yiriwaso and are now on their second agricultural loan.
Fanta, the one seated in the photo, plans to use her loan to buy seeds, fertilizers, herbicides and picks as well as t pay for the cost of working and weeding the fields. She plans to cultivate 1 ha [about 2.5 acres] of rice and peanuts. She would like to produce 1 ton [2200 lbs] of rice and 1 ton of peanuts. Part of the produce will be sold to repay her loan, and the rest stocked as food supply. The revenues from her sales will be used to pay for clothing and certain household needs.
Dans le but d’augmenter leurs productions, les membres de l’association ont intégré Soro Yiriwaso et sont à leur 2eième prêt de campagne.
Fanta, position assise, elle compte utiliser son prêt pour acheter des semences, des engrais et des herbicides, des pioches et le labour et sarclage des champs. Elle compte cultiver 1 hectare de riz et d’arachide. Elle veut produire 1 tonnes de riz, 1tonnes d’arachide. Une partie de ces productions seront destinée à vendre pour le remboursement de son prêt et le reste serait stocké pour la nourriture. Le bénéfice des ventes sera mis pour l’habillement et prendre en charge certains besoins du foyer.
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