Badenyakadi 1 Group
The women are working with the microfinance organization Soro Yiriwaso in order to keep their agricultural business going during the rainy season. They are on their second loan with the organization, the first having been fully repaid.
Afou, pictured standing second from the right, is in the business of cultivating groundnuts. With her portion of the loan proceeds, Afou plans on purchasing fertilizer and paying the labor costs for maintaining 1 hectare of land.
Afou's crop is sold in the village, at the market of Sikasso after the harvest to a customer base made up of both men and women. She hopes to earn an average profit of 100,000 francs CFA per growing season. This profit will allow her to pay back her loan and also to help her husband with the daily expenses.
Elles collaborent avec l’institution de microfinance Soro Yiriwaso afin de mener à bien leurs activités agricoles pendant l’hivernage.
Elles sont à leur deuxième prêt avec l’institution, le prêt passé a été bien remboursé.
La spéculation cultivée est l’arachide avec AFOU debout en deuxième position de la droite vers la gauche.
Avec son prêt, elle compte acheter les intrants et payer les frais de labour pour entretenir 1 hectare.
La production est vendue au niveau du village, au marché de SIKASSO après la récolte à une clientèle composée d’hommes et de femmes.
Elle compte réaliser un bénéfice moyen de 100.000 FCFA par campagne.
Ce bénéfice lui permettra de payer son prêt et aussi d’aider son mari dans les dépenses quotidiennes.
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