Benkadi 1 Group
In order to make their agricultural work profitable, the group members decided to join the Soro Yiriwaso loan program and are now on their fifth harvest-cycle loan.
Moussoni, standing on the far right in the photo, plans to use her loan to buy peant seeds, small tools and agricultural inputs [such as fertilizers, pesticides etc] at the big market of Ouelessebougou. After the winter seasons, the harvested produce is stocked for a while until it gains enough value to be sold at the big market of Ouelessebougou, in Bamakao and at other nearby markets, retail, for cash, to customers mainly coming from large towns. After selling their produce, the group members plan to earn a profit between 50,000 and 65,000 West African Francs each, which will be used to repay the loan interest and cover ongoing family expenses.
Dans le souci de rentabiliser leurs exploitations agricoles, les membres du groupe ont décidé d’intégrer le programme crédit de Soro Yiriwaso et sont à leur cinquième prêt de campagne.
MOUSSONI, la première debout à droite, compte utiliser son prêt pour acheter, de la semence d’arachide, des petits matériels et des intrants agricoles, au grand marché de OUELESSEBOUGOU. Après l’hivernage, les récoltes sont stockées pendant un certain temps pour qu’elles aient de la valeur avant d’être vendues au grand marché de OUELESSEBOUGOU, BAMAKO et dans les marchés environnants, en détail, au comptant à une clientèle venant généralement des grandes villes.
Les membres du groupe comptent réaliser chacune, après l’écoulement de leurs produits agricoles, un bénéfice de 50.000 à 65.000 FCFA qui sera utilisé pour le remboursement des intérêts du prêt et les dépenses courantes 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