Benkadi I Group
They collaborate with the microfinance institution Soro Yiriwaso with the aim of being able to better organize their businesses in the beginning of winter. The crops grown are groundnuts and mil [African cereal]. They are on their fourth collaboration with the institution.
With this loan Massara, the first person on the left in the row of people standing, plans to buy inputs, small equipment and pay the labor fees to maintain about 1 hectare of mil and groundnuts.
After the harvest the produce is sold in the city of Marka Coungo to a clientele composed of men and women. She envisions making a profit of about 95,000 FCFA per planting.
Elles collaborent avec l’institution de micro finance Soro Yiriwaso dans le but de pouvoir mieux organiser leurs activités en début d’hivernage. Les spéculations cultivées sont l’arachide, du mil. Elles sont à leur quatrième collaboration avec l’institution.
Avec ce prêt, Massara la première personne à gauche dans le rang des debout, compte acheter les intrants, les petits équipements et payer les frais de labour pour entretenir environs 1 ha de mil et d’arachide
Les productions sont vendues au niveau de la ville de Marka Coungo après les récoltes à une clientèle composée d’hommes et de femmes. Elle envisage réaliser un bénéfice de 95 000F CFA environs par campagne.
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