Benkadi 1 Group
They work with Kiva's partner, the MFI Soro Yiriwaso, in order to better organize their activities at the start of the rainy season. They are seeking their sixth loan, and the previous ones were repaid without problems.
Korotoumou grows tomatoes and corn. She's the woman in the center of the standing row in the photograph. She intends to buy farm inputs, fertilizers, seeds, and pay for plowing to maintain about 0.5 hectare.
After the harvest, the production is sold in the village and at the market in Sikasso, to a clientele comprising both men and women. She intends to turn an average profit of XOF 45'000 (ca US$ 90) per farming cycle.
The profit will enable her to repay the loan and also help her large family cover its daily expenses and pay her children's healthcare 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 Sixième prêt avec l’institution et les autres prêts passés ont été bien remboursés.
La spéculation cultivée est la tomate et le maïs avec Korotoumou debout au milieu sur la photo. Elle compte acheter avec son prêt, des intrants, l’engrais, herbicide, semences et payer les frais de labour pour entretenir 0,5 hectares.
La production est vendue au niveau du village, au marché de SIKASSO et environna après la récolte elle vend à une clientèle composée d’hommes et de femmes.
Elle compte réaliser un bénéfice moyen de 45.000 francs CFA par campagne.
Ce bénéfice lui permettra de payer son prêt et aussi aider la grande famille dans les dépenses quotidiennes et subvenir au frais de santé de ses enfants.
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