Benkadi V Group
The group is collaborating with the micro-finance institution Soro Yiriwaso with the goal of being better able to organize their farming at the start of the rainy season. The group grows ground nuts and millet. They are on their fourth loan with the institution.
Sali, the first person on the right in the front row, with her loan, plans to buy farm inputs and small pieces of equipment, and to pay the costs of labor to maintain about a half of a hectare of millet and ground nuts.
After the harvest, the crops are sold in the town of Marka Coungo to men and women customers.
Sali hopes to earn about 110,000 francs CFA per harvest.
Elles collaborent avec l’institution de micro finance Soro yiriwaso dans le but de pouvoir mieux organiser leurs activités en début d’hivernage. Les spéculations cultivées sont l’arachide, du mil. Elles sont à leur quatrième collaboration avec l’institution.
Avec ce prêt, Sali la première personne à droite dans le rang des assises, compte acheter les intrants, les petits équipements et payer les frais de labour pour entretenir environs 0.5 ha de mil et d’arachide
Les productions sont vendues au niveau de la ville de Marka Coungo après les récoltes à une clientèle composée d’hommes et de femmes. Elle espère réaliser un bénéfice de 110 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