Benkadi 5 Group
They are collaborating with Kiva's partner, the micro-finance institution Soro Yiriwaso, in order to organize their businesses better at the start of the rainy season.
They grow rice, peanuts and beans, among others, and they are seeking their second loan from Soro Yiriwaso.
With this new loan, Mariam (sitting on the right in the photograph), intends to buy fertilizers, small equipments, and pay for plowing about 0.25 hectare of rice and bean fields.
After the harvest, the crops are sold in the towns of Banco, N’Golobougou and Dioïla, to a clientele comprising both men and women. Mariam intends to turn an average profit of XOF 50'000 (ca US$ 95) per farming cycle.
Elles collaborent avec l’institution de micro finance Soro Yiriwaso dans le but de pouvoir mieux organiser leurs activités en début d’hivernage. Les spéculations cultivées sont entre autres le riz, l’arachide et le haricot. Elles sont à leur deuxième collaboration avec l’institution.
Avec ce nouveau prêt, MARIAM première personne à partir de la droite dans le rang des assis, compte acheter les intrants, les petits équipements et payer les frais de labour pour entretenir environs 0,25 hectare de riz et de haricot.
Les productions sont vendues au niveau de la ville de Banco, N’Golobougou et Dioïla après les récoltes à une clientèle composée d’hommes et de femmes. Elle compte réaliser un bénéfice moyen de 50 000F CFA environs par 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