The members of group Benkadi I are married women; they are on average 36 years old with four children. They all live in polygamous families in the city of Sikoro, in Kadiana Township, Kolondieba circle (one of the prefectures of Mali’s third administrative region). These women collaborate with micro-finance institution Soro Yiriwaso to farm their land in the rainy season. This is their ninth loan with the organization: all previous loans were paid back without problems.
The cultivated species are rice and ground nuts for Adja, the third person standing, in the middle in the photo. With her loan, she is planning on buying fertilizers and seeds, as well as pay for the plowing of six acres of land. The production is sold in Kadiana after the harvest. Her clientele includes men and women.
Adja is forecasting a profit of 140,000 XOF, which will allow her to pay back her loan and to help her husband with the household’s daily expenses.
Les membres du groupe BENKADI I sont des femmes mariées ayant une moyenne d’âge de 36 ans, 4 enfants et vivant toutes dans des familles polygames à SIKORO, commune de KADIANA, cercle de KOLONDIEBA, une des préfectures de la 3ème région administrative du Mali. 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 avec l’institution, les prêts passés ont été bien remboursés. La spéculation cultivée est le riz et l’arachide avec ADJA 3ème personne debout au milieu sur la photo. Avec son prêt, elle compte acheter des intrants, la semence et payer les frais de labours pour exploiter 2,5 hectares. La production est vendue au niveau de KADIANA après la récolte à une clientèle composée d’hommes et de femmes. ADJA compte réaliser un bénéfice de 140.000fcfa qui lui permettra de payer son prêt et aussi d’aider son mari dans les dépenses quotidiennes.
Soro 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.