The members of the Benkadi I group are married women who, on average, are 39 years old, have three children and all live in polygamous families in N'Gola, Kebila commune, Kolondieba circle, one of the prefectures of the third administrative region of Mali. They are working with the Soro Yiriwaso microfinance institution in order to better run their farming businesses during the rainy season. They are on their fifth loan with the institution, having fully paid back their previous loans. The crops cultivated by Adiarra, the first person crouching to the left of the photo, are rice and peanuts. With her loan, she expects to buy fertilizer, soil enriching agents, and seeds and to pay the labor costs to make use of one hectare of land. The products are sold in Kebila after the harvest to a clientele made up of men and women. She expects to make a profit of 100,000 francs CFA which will permit her to pay back her loan and also to help her husband with daily expenses.
Les membres du groupe BENKADI I sont des femmes mariées ayant une moyenne d’âge de 39 ans, 3 enfants et vivant toutes dans des familles polygames à N’GOLA, commune de KEBILA, cercle de KOLONDIEBA, une des préfectures de la 3ème région administrative du Mali. Elles collaborent avec l’institution de microfinance Soro Yiriwaso afin de mener à bien leurs activités agricoles pendant l’hivernage. Elles sont à leur cinquième prêt avec l’institution, les prêts passés ont été bien remboursés. La spéculation cultivée est le riz et l’arachide avec ADIARRA 1ère personne accroupie à gauche sur la photo. Avec son prêt, elle compte acheter des intrants, la semence et payer les frais de labours pour exploiter 1 hectare. La production est vendue au niveau de KEBILA après la récolte à une clientèle composée d’hommes et de femmes. ADIARRA espère faire un bénéfice de 100.000FCA qui lui permettra de payer son prêt et aussi d’aider son mari dans les dépenses quotidiennes.
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.