Benkadi 4 Group
Fatoumata, standing on the far right in the picture, grows rice and groundnuts. She plans to use her loan to buy agricultural inputs and seeds and to pay the labourers needed for the cultivation of 1 hectare of farmland. After the harvest, the produce is sold at the market to a clientèle made up of men and women. She expects to have made a profit of 20 000 francs by the end of the season. This profit will enable her to meet her needs and also to help her family with the daily living 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 septième prêt avec l’institution et les prêts passés ont été bien remboursés.
La spéculation cultivée est le riz et l’arachide, avec Fatoumata debout au milieu sur la photo, elle compte acheter avec son prêt, des intrants, la semence et payer les frais de labour pour entretenir 1 hectare.
La production est vendue au niveau du marché, après la récolte à une clientèle composée d’hommes et de femmes.
Elle compte réaliser un bénéfice de 20.000 francs CFA en fin de campagne.
Ce bénéfice lui permettra de subvenir à ses besoins et aussi aider la famille 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