Benkadi 1 Group
They have joined the microfinance institution Soro Yiriwaso in order to successfully carry out their farming activities during the rainy season.
They are on their second loan with the institution and have duly repaid their previous loan.
Yacouba, a member of the group, grows maize. In the photo, he is standing first from the right.
Yacouba plans to use his loan to buy agricultural inputs and seeds, and to cover the cost of plowing to cultivate two hectares (4.97 acres) of land.
After the harvest, he sells his production to both men and women, in his village and in Garalo.
He is expecting to make a profit of 150,000 CFA francs per growing season. This profit will allow him to repay his loan and to take care of the daily expenses.
Ils collaborent avec l’institution de microfinance Soro Yiriwaso afin de mener à bien leurs activités agricoles pendant l’hivernage.
Ils sont à leur deuxième prêt avec l’institution et le prêt passé a été bien remboursé.
La spéculation cultivée est le maïs avec Yacouba 1er debout de la droite vers la gauche sur la photo.
Avec son prêt, elle compte acheter des intrants, la semence et payer les frais de labour pour exploiter 2 hectares.
La production est vendue au niveau du village et à Garalo après la récolte à une clientèle composée d’hommes et de femmes.
Il compte réaliser un bénéfice de 150.000 FCFA en fin de campagne.
Ce bénéfice lui permettra de payer son prêt et aussi 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