Benso 2 Group
They are collaborating with the micro-finance institution Soro Yiriwaso with the goal of better organizing their wintertime work. The crops grown include pearl millet, peanuts, sesame, and beans. The group members are on their third farm loan. All their previous loans have been repaid.
With this new loan, AWA D. intends to buy supplies and sundry equipment and to cover the cost of labor for maintaining about 1.6 hectares of peanuts. After the harvest, the produce is sold in the cities of Dioïla and Massigui to a customer base composed of men and women from major cities.
The group members plan on making an average profit of about 70,000 francs CFA 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 hivernales.
Les spéculations cultivées sont entre autres le petit mil, l’arachide, le sésame et le haricot.
Elles sont à leur troisième prêt de campagne et tous les prêts précédents ont été bien remboursés.
Avec ce nouveau prêt, AWA D. compte acheter les intrants, les petits équipements et payer les frais de main d’œuvre entretenir environs 1,6 hectare d’arachide.
La production est vendue au niveau de la ville de Dioïla et Massigui après les récoltes à une clientèle composée d’hommes et de femmes venant des grandes villes.
Elles comptent réaliser un bénéfice moyen de 70.000FCFA environ 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