Benkadi 5 Group
They work with Kiva's partner, the MFI Soro Yiriwaso, in order to carry out their farming activities during the rainy season. They are seeking their ninth farming loan from the MFI. The previous loans were repaid without problems.
They grow sorghum, just like Mrs. Alimata, the woman in the middle of the standing row in the photograph. With her loan, she intends to buy one 50kg sack of fertilizers, four cans of herbicide of different brands, and cover plowing expenses for maintaining one hectare.
After the harvest, the production is sold in the village and at the markets in Sikasso, for cash and on credit, to a clientele comprising both men and women.
Mrs. Alimata intends to turn an average monthly profit of XOF 110'000 per planting. This profit will enable her in part to repay the loan and interest, as well as to help out her husband cover the daily expenses of the family.
Elles collaborent avec l’institution de microfinance Soro Yiriwaso afin de mener à bien leurs activités agricoles pendant l’hivernage.
Elles sont à leur neuvième prêt de campagne avec l’institution de microfinance soro yiriwaso, les prêts antérieurs ont été bien remboursés.
La spéculation cultivée est de sorgho avec madame ALIMATA débout au milieu sur la photo dans ce groupe de femme BENKADI 5.
Avec son prêt, elle compte acheter 3 sacs de 50 kg d’engrais, 4 bidons d’herbicide de marque différente et payer les frais de labour pour entretenir 1 hectare.
Après la récolte la production est vendue au niveau du village, aux marchés de SIKASSO à une clientèle composée d’homme et de femme au comptant et à crédit.
Elle compte réaliser un bénéfice moyen de 110 000 FCFA par campagne.
Ce bénéfice lui permettra de payer d’une part son prêt et son intérêt et d’autre part aider son mari dans les dépenses quotidiennes de la 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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