Benkadi 2 Group
They are working with the microfinance institution Soro Yiriwaso in order to carry out their farming activities during the rainy season.
This is their eighth loan with the institution; their previous loans have been well repaid.
Maminata cultivates rice and groundnut (in the photo, she is the first one standing from the left).
With her loan, she is planning to pay for the cost of plowing and to buy inputs and seeds to cultivate one hectare (2.47 acres) of land.
The resulting crop is sold after the harvest in the village and at the Loulouni market, to a customer base comprising men and women.
Maminata is expecting average profits to reach 165,000 CFA francs per season.
Thanks to these profits, she will be able to repay her loan and to help her husband with the daily living 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 huitième prêt avec l’institution, les prêts passés ont été bien remboursés.
Les spéculations cultivées sont le riz et l’arachide par MAMINATA au premier rang à gauche debout sur la photo.
Avec son prêt, elle compte payer les frais de labour, acheter des intrants et les semences pour entretenir 1hectare.
Les productions sont vendues au niveau du village et au marché de LOULOUNI après la récolte à une clientèle composée d’hommes et de femmes.
Elle compte réaliser un bénéfice moyen de 165.000 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