The women in the Benkadi 5 group are all married and living in traditional families. They average 34 years of age with two children each. They all live in the village of Dioni in the Ségou region (Mali's fourth administrative region). They got to know each other through their winter farming activities, as neighbors, and through marriage and relatives in the village. They farm groundnut, millet and rice. With the aim of buying small materials, getting supplies of fertlizers for farming and paying for labor costs for hoeing the fields, the group members became acquainted with Soro Yiriwaso and are on their second seasonal loan cycle.
Sitan, who is sitting on the far left of the photo, is planning to use her loan to buy seeds and fertlizers in Ségou, small materials from local blacksmiths and to pay young people to hoe her field. She sells her farming produce for cash at the end of the winter season so that she can repay her loan and make enough money to look after her children and also part of her family's needs.
Les femmes de Benkadi 5 sont toutes mariées dans des familles traditionnelles. Elles ont en moyenne 34 ans et 2 enfants. Elles vivent toutes dans le village de Dioni, dans la région de Ségou (4ème région administrative du Mali). Elles se sont connues à travers leurs activités agricoles hivernales, des liens de voisinage, de mariage et de parenté dans le village. Elles font la culture d’arachide, du mil et du riz. Dans le but de s’acheter de petits équipements, de s’approvisionner en intrants agricoles, de payer la main d’œuvre pour le sarclage des champs, les membres du groupe ont connu Soro Yiriwaso et sont à leur 2ème cycle du prêt de campagne. Madame Sitan 1ère femme assise à gauche compte utiliser son prêt pour s’acheter des semences, des intrants agricoles à Ségou, des petits équipements chez les forgerons locaux, payer les jeunes pour sarcler son champ. La vente de ses produits agricoles se fait au comptant à la fin de l’hivernage pour payer son prêt et afin d’avoir de revenu pour prendre la charge des enfants, et une partie de celle de la famille.
Soro 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.