Benkan 1 Group
To recruit the youth association to cultivate their field and ensure agricultural inputs are available at the beginning of the rainy season, they turned to Soro Yiriwaso and are in their third seasonal loan cycle. The group will grow rice and groundnuts.
Mrs. Natène (the woman standing at the far left in the photo) is a major groundnut producer in the village.
She plans to use the loan to buy four bags of fertilizer consisting of urea and a mixture of grains, one liter of herbicide, 50 kgs of groundnut kernels, and hire the village youth association to perform plowing and weeding. She gets her agricultural inputs in Siby.
With an area of 1.50 ha (3.7 acres) she hopes to harvest 40 bags of groundnuts and 5 bags of rice. Part of the production is sold to ensure household daily needs and the rest is used for family consumption.
Madame Natènè (femme debout à l’extrême gauche sur la photo) est une grande productrice d’arachide dans le village. Elle compte utiliser son prêt pour acheter 4 sacs d’engrais constitués d’urée et de complexe céréales, un litre d’herbicide, 50kg de grains d’arachide et utiliser l’association des jeunes du village pour effectuer le labour et le désherbage. Elle se ravitaille en intrants agricoles à Siby. Avec une superficie de 1,50ha, elle espère récolter 40 sacs d’arachide et 5 sacs de riz. Une partie de la production serait vendue pour assurer les besoins du foyer en au quotidien et le reste serait auto consommé en famille.
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