Benkadi 2 Group
They are participating with the microfinance organization Soro Yiriwaso with the goal of better organizing their business activities at the start of the rainy season.
Their crops include peanuts, okra, hibiscus, millet, corn, and beans. They are on their first loan with the organization.
With this loan, Alima C. intends to buy fertilizer before prices go up, buy small tools and equipment, and pay the costs of plowing to maintain approximately 1.6 hectares of peanuts and beans.
Their crops are sold in the city of Fana and in Dioïla after harvest to a customer base made up of both men and women. They expect to make an average of about 50,000FCFA at the end of the planting season.
Elles collaborent avec l’institution de microfinance Soro Yiriwaso dans le but de pouvoir mieux organiser leurs activités en début d’hivernage.
Les spéculations cultivées sont entre autres l’arachide, le gombo, le dah, le petit mil, le maïs et le haricot. Elles sont à leur premier prêt de campagne avec l’institution.
Avec ce prêt, ALIMA C. compte acheter les intrants avant la hausse des prix, les petits équipements et payer les frais de labour pour entretenir environs 1, 6 hectares d’arachide et de haricot.
Les productions sont vendues au niveau de la ville de Fana et à Dioïla après les récoltes à une clientèle composée d’hommes et de femmes. Elle compte réaliser un bénéfice de 50.000FCFA environs en fin de 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