Benkadi Ii Group
The group is collaborating with the micro-finance institution Soro Yiriwaso in order to better carry out their farming during the rainy season. They are on their second loan with the institution, and their previous loan has been repaid.
Barakissa S, standing in the middle [of the photo], grows groundnuts. With her loan, she plans to buy two bags of fertilizer and 11 kilograms of groundnut seed and to pay the costs of labor to cultivate one hectare of land.
After the harvest, the crops are sold in the village and in Sikasso to customers who are men and women.
Barakissa S hopes to earn 110,000 francs CFA per harvest. These earnings will allow her to pay back her loan and to also help her husband with the everyday 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 deuxième prêt avec l’institution, les prêts passés ont été bien remboursés.
La spéculation cultivée est l’arachide avec BARAKISSA S debout au milieu.
Avec son prêt, elle compte acheter les frais de labour, 2 sacs d’engrais et 11 kg de semence d’arachide pour entretenir 1 hectare.
La production est vendue au niveau du village et à SIKASSO après la récolte à une clientèle composée d’hommes et de femmes.
Elle compte réaliser un bénéfice de 110.000 FCFA 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