Benkadi I Group
They collaborate with the Soro Yiriwaso micro finance institution in order to manage their farming activities in winter.
This is their fourth loan from the institution, the previous loans were correctly repaid
Mrs. Aoua who is standing second from the left in the photo cultivates rice.
With her loan she plans to pay for labouring costs, seeds and fertilizer for 0.5 ha. After the harvest she sells the crop in the village, at Sikasso to her male and female customers.
She hopes to make a profit of 100.000 francs CFA per field.
This profit will enable her to reimburse her loan and help her husband with their daily 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 quatrième prêt avec l’institution, les prêts passés ont été bien remboursés.
La spéculation cultivée est le riz avec Mme AOUA debout en deuxième position de la gauche vers la droite sur la photo.
Avec son prêt, elle compte acheter le labour, la semence et les engrais pour entretenir 0.5 ha. La production est vendue au niveau du village, à SIKASSO après la récolte à une clientèle composée d’hommes et de femmes.
Elle compte réaliser un bénéfice de 100.000 francs CFA 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