Benkadi B Group
They collaborate with the Soro Yiriwaso micro-finance institution in carrying out their farming activities during the rainy season. They are on their eighth agricultural loan cycle with the institution, and previous loans have been repaid in full.
The crop cultivated is rice featuring Mrs. Minata Yaya, who is standing in the first position from left to right in the photo of this Benkadi B group of women.
She will use her loan to buy four 50-kilo bags of fertilizer, four containers of herbicide, and pay plowing costs to maintain one hectare (about 2.47 acres).
After harvest the crop is sold at village level and in Sikasso, to a clientele composed of men and women, for cash and on credit.
She expects to make average profits of 140,000 CFA francs per crop year, which will enable her to pay off her loan and its interest, and help her husband with daily household 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 huitième prêt de campagne avec l’institution de microfinance soro yiriwaso, les prêts antérieurs ont été bien remboursés.
La spéculation cultivée est de riz avec madame MINATA YAYA débout à la première position de la gauche vers la droite sur la photo dans ce groupe de femme BENKADI B.
Avec son prêt, elle compte acheter 4 sacs de 50 kg d’engrais, 4 bidons d’herbicide, payer les frais de labour pour entretenir 1 hectare.
Après la récolte la production est vendue au niveau du village, à SIKASSO à une clientèle composée d’hommes et de femmes au comptant et à crédit.
Elle compte réaliser un bénéfice moyen de 140 000 francs CFA par campagne.
Ce bénéfice lui permettra de payer son prêt et son intérêt, 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