Benkadi 2 Group
They partnered with the Soro Yiriwaso microfinance institution to sustain their farming activities during the rainy season. This is their 2nd loan cycle with the MFI, and the first loan was correctly repaid.
Bakary, standing first from the right, sells maize. He plans to use his loan to buy inputs and seeds, and to pay for the plowing of 2 hectares.
After the harvest, the crop is sold in the village and in Garalo to a clientele consisting of both men and women.
Bakary expects to earn a profit of 155,000 FCFA by season end, which he will use to repay his loan and take care of the daily expenses.
Ils collaborent avec l’institution de microfinance Soro Yiriwaso afin de mener à bien leurs activités agricoles pendant l’hivernage.
Ils sont à leur deuxième prêt avec l’institution et le prêt passé a été bien remboursé.
La spéculation cultivée est le maïs avec Bakary 1er debout de la droite vers la gauche sur la photo.
Avec son prêt, il compte acheter des intrants, la semence et payer les frais de labour pour exploiter 2 hectares.
La production est vendue au niveau du village et à Garalo après la récolte à une clientèle composée d’hommes et de femmes.
Il compte réaliser un bénéfice de 155.000 FCFA en fin de campagne.
Ce bénéfice lui permettra de payer son prêt et s'occuper des dépenses quotidiennes de la famille.
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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