Benkadi Iii Group
They have been working with the Soro Yiriwaso micro-finance institution in carrying out their winter farming activities. They are on their third loan with the institution, and past loans were fully reimbursed.
The selected crop is rice featuring Amine, the first woman standing from right to left in the photo. With her loan, she will buy agricultural inputs and seeds, and pay for plowing and weeding to maintain 1.5 hectares (about 3.7 acres).
After the harvest the production will be sold in the village market to a clientele composed of men and women.
She expects to make a profit of 35,000 CFA francs per growing season. This profit will enable her to repay the loan and help her husband with daily household expenses.
Elles collaborent avec l’institution de microfinance Soro Yiriwaso afin de mener à bien leurs activités agricoles hivernale.
Elles sont à leur 3ème prêt avec l’institution, les prêts passés ont été bien remboursés.
Le riz est la spéculation cultivée de AMINE, la 1ère femme debout dans la photo de la droite vers la gauche.
Avec son prêt, elle compte acheter des intrants, la semence, payer les frais de labour et de sarclage pour exploiter 1,5 hectares.
La production sera vendue au niveau du village, au marché, après la récolte à une clientèle composée d’hommes et de femmes.
Elle compte réaliser un bénéfice de 35.000FCFA par campagne.
Ce bénéfice lui permettra de rembourser son prêt et d’aider son mari dans les dépenses quotidiennes de leur ménage.
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