Benkadi 3 Group
These clients are on their fifth seasonal loan with the microfinance institution Soro Yiriwaso, aiming to satisfy their average production and agricultural entrants needs. Their prior loans have been satisfactorily reimbursed.
This group of women grow maize, rice, peanuts, okra, sugar peas, sesame seed, etc.
MINATA intends to use her loan to buy one sack of urea (fertilizer), two sacks of cereal-complex, and use the rest of the loan for plowing and weeding costs. She expects to make an average profit of 10,000 F CFA which will be used for everyday expenses of her family.
Ces clientes sont à leur cinquième cycle de prêt de campagne avec l’institution de microfinance Soro Yiriwaso afin de satisfaire le besoin en moyen de production et intrant agricole. Les prêts antérieurs ont été remboursés avec satisfaction.
Ce groupe de femme fait la culture du maïs, du riz, d’arachide, de gombo, du pois sucré, du sésames etc.
MINATA compte utiliser son prêt pour acheter, 1 sac d’urée, 2 sacs de complexe céréale et le reste comme frais de labour et de sarclage. Il envisage réaliser un bénéfice moyen de 10.000 FCFA qui sera utilisé pour les dépenses quotidiennes de la famille.
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