Benkadi 4 Group
They are collaborating with the microfinance institution Soro Yiriwaso with the goal of better organizing their businesses for the beginning of the rainy season. Their crops are millet, groundnuts, and beans. This is their sixth loan with the institution.
With this new loan, Djelika, the woman seated in the middle, intends to buy inputs and small equipment, as well as pay for the labor needed to maintain about one hectare of millet and groundnuts.
After the harvest, the crops are sold in Dioïla to a clientele of both men and women. She expects to make an average monthly profit of around 150,000F CFA each planting 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 entre le mil, l’arachide et le haricot. Elles sont à leur sixième collaboration avec l’institution.
Avec ce nouveau prêt, DJELIKA, personne au milieu dans le rang des assises, compte acheter les intrants, les petits équipements et payer les frais de labour pour entretenir environs 1 hectare de mil et d’arachide.
Les productions sont vendues au niveau de la ville de Dioïla, après les récoltes à une clientèle composée d’hommes et de femmes. Elle compte réaliser un bénéfice moyen de 150 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