Benkadi 5 Group
They work with the microfinance institution Soro Yiriwaso in order to manage their agricultural activities during the rainy season.
They are on their eighth loan with the institution, and the previous loans were repaid properly.
Maminata, standing on the left in the first row in the photo, grows rice and peanuts.
With her loan, she intends to pay for labour, agricultural inputs, and seeds to cultivate 1.5 hectares.
The produce is sold at the town level and at the Loulouni market after the harvest to a clientele composed of men and women.
She intends to realize an average profit of 225,000 FCFA per cycle.
This profit will allow her to repay her loan and also to help her husband with the daily household expenses.
She hopes to maintain this collaboration with Soro Yiriwaso in order to make the best use of her farmland and generate more income.
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 1.5 hectares.
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 225.000 FCFA par campagne.
Ce bénéfice lui permettra de payer son prêt et aussi d’aider son mari dans les dépenses quotidiennes.
Elle souhaite entretenir cette collaboration avec Soro Yiriwaso afin d’exploiter au mieux son espace cultural pour en tirer plus de gains.
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