Benkadi I Group
They work with the Soro Yiriwaso microfinance institution to carry out their agricultural activities during the rainy season. They are on their sixth loan with the institution.
The featured member is Tene who cultivates groundnuts. She is the first person standing from left to right in the photo. She intends to use her loan to buy inputs, seeds and pay tillage costs for the maintenance of 1.5 hectares (3.7 acres). After harvesting, the crop is sold in Tiele to a client base of resellers and consumers.
She expects to make profits of 190,000 FCFA per growing season. Profits will allow her to pay off her loan and also help her husband with 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 sixième prêt avec l’institution.
La spéculation cultivée est l’arachide avec TENE, 1 ère debout de la gauche vers la droite sur la photo.
Avec son prêt, elle compte acheter des intrants, des semences et payer les frais de labour pour entretenir 1,5 hectare.
La production est vendue au niveau du village, à TIELE, après la récolte à une clientèle composée de revendeurs et de consommateurs.
Elle compte réaliser un bénéfice de 190.000FCFA par 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