Benkadi 5 Group
They work with Soro Yiriwaso with the goal of better organizing their activity as the rainy season begins. They grow peanuts, millet, corn and beans. This will be their first seasonal loan.
With this new loan, Fatoumata C. will buy fertilizer before its price goes up. She will also buy small tools and will pay for hired labor to plow about one hectare of peanuts and beans.
The harvest will be sold in Fana and Dioila to both men and women. The group members hope for an average profit of CFA 25,000 at the end of the 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 l’arachide, le petit mil, le maïs et le haricot. Elles sont à leur premier prêt de campagne avec l’institution.
Avec ce prêt, FATOUMATA C. compte acheter les intrants avant la hausse des prix, les petits équipements et payer les frais de labour pour entretenir environs 1 hectare d’arachide.
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. Elles comptent réaliser un bénéfice moyen de 22500FCFA 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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