Benkadi Viii Group
They collaborate with the microfinance institution Soro Yiriwaso so as to succeed in their agricultural activities during the rainy season. They are on their fourth loan with the institution, their prior loans having been appropriately reimbursed.
Rice is the crop cultivated by Mineta Bala, first person standing from right to left in the photo. With her loan she intends to buy inputs, seeds, small agricultural material and pay for labor to maintain one half hectare. Her produce will be sold in the village and in the market, after the harvest, to a clientele composed of men and women.
She expects to make a profit of 54,000 F CFA at the end of the planting season. This profit will allow her to repay her loan and also to help her husband with the daily 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 quatrième prêt avec l’institution, les prêts passés ont été bien remboursés.
La spéculation cultivée est le riz avec Mineta Bala, 1 ère debout de la droite vers la gauche sur la photo.
Avec son prêt, elle compte acheter des intrants, des semences, des petits matériels agricoles et payer les frais de labour pour entretenir 0.5 hectare.
La production sera vendue au niveau du village et au marché, après la récolte, à une clientèle composée d’hommes et de femmes.
Elle compte réaliser un bénéfice de 54.000FCFA en fin de campagne.
Ce bénéfice lui permettra de payer son prêt et aussi d’aider son mari 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