Benkola 1 Group
They live in polygamous families in N’Djissoumbougou, one of the villages of the rural commune of Banco, in the Dioïla Cercle.
They work with the microfinance institution Soro Yiriwaso in order to better organize their work at the beginning of the rainy season. They grow the following crops: rice, groundnut, beans etc. This is their second loan with the institution.
With this new loan, Saran (second from the right in the sitting row) is planning to buy farming inputs and small equipment, and also to pay for the cost of plowing on roughly 0.75 hectare of land where she grows rice and beans.
Crops are sold after the harvest in the towns of Banco, N'Golobougou and Dioïla to a customer base comprising men and women.
Djeneba is expecting average profits to reach about 110,000 CFA francs per 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, l’arachide et le haricot. Elles sont à leur deuxième collaboration avec l’institution.
Avec ce nouveau prêt, SARAN deuxième personne à partir de la droite dans le rang des assises, compte acheter les intrants, les petits équipements et payer les frais de labour pour entretenir environs 0,75 hectare de riz et de haricot.
Les productions sont vendues au niveau de la ville de Banco, N’Golobougou et Dioïla après les récoltes à une clientèle composée d’hommes et de femmes. Elle compte réaliser un bénéfice moyen de 110 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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Success!! The loan was 100% repaid