Benkadi 2 Group


Status: Paying Back

$650.00   Loan Amount
0% repaid

About the Group

Group Name: Benkadi 2 Group
Group Members: MAMINE DIARRA
MOUSSOCOURA MAH FOMBA
MAH FOMBA
SITAN COULIBALY
ALIMATA TRAORE
MAMOU TRAORE
NANA DIARRA
GNEBA COULIBALY
BAYA MARIKO
MARIAM SACKO
Location: Fana Koulikoro, Mali
Activity: Farming

About the Loan

Loan Amount: $650.00
Loan Use: To buy seeds, fertilizers, small materials, and to pay for the cost of labour and hoeing of 10 hectares.
Repayment Term: 9 months - View details below
Lenders Repaid: At end of term
Currency Exchange Loss: Covered
Date Listed: Aug 1, 2009
Date Disbursed: Jul 1, 2009
Date Funded:Aug 4, 2009

About the Country

Country:Mali
Avg Annual Income:$1,200.00
Currency:Communauté Financière Africaine Francs BCEAO (XOF)
Exchange Rate:471.9677 XOF = 1 USD



The Benkadi 2 group is composed of 10 married women who average 30 years of age and 3 children. They live in polygamous families in Massoukou, one of the villages in the rural city of Tingolé, Fana subprefecture, 2nd administrative region of Mali.


They are seeking their first loan from Kiva's partner, the microfinance organization Soro Yiriwaso, in order to be able to realize their rainy season activities. They exclusively grow peanuts, which is still the main crop in the area. This loan will be used to buy seeds, fertilizers, small materials, and to pay for the cost of labour and hoeing of 10 hectares. After the harvest, the production will be sold, mainly for cash, at the following markets : Marka-Coungo, Fana and Tingolé, to a clientele comprising both men and women.


They intend to turn an average profit of XOF 17'500 (ca US$ 35) per campaign. The women of the Benkadi 2 group ambition to obtain loans corresponding to their wishes.

Translated from French by Patrick Stadelmann, Kiva Volunteer


Le groupe Benkadi 2 est composé de dix femmes mariées qui ont une moyenne d’âge de 30 ans et 3 enfants. Elles vivent dans des familles polygames à Massoukou un des villages de la commune rurale de Tingolé, sous préfecture de Fana, 2ème région administrative de la république du Mali.
Elles sont à leur première collaboration avec l’institution de microfinance Soro Yiriwaso afin de réaliser leurs activités hivernales. Elles font exclusivement la culture d’arachide qui reste la principale culture de la zone.
Par rapport à l’utilisation de ce prêt, elles comptent acheter, des intrants, des petits matériels, des semences et payer les frais de sarclage et de labour pour entretenir 10 hectares.
La production sera vendue au niveau des marchés de Marka-Coungo, Fana et Tingolé, après les récoltes à une clientèle composée d’hommes et de femmes.
Elles comptent réaliser un bénéfice moyen de 17500FCFA par campagne.
Les femmes du groupe Benkadi 2 ambitionnent avoir des montants à hauteur de souhait.



About Group Loans
In a group loan, each member of the group receives an individual loan but is part of a group of individuals bound by a group guarantee. Under this arrangement, each member of the group supports one another and is responsible for paying back the loans of their fellow group members if someone is delinquent or defaults. Learn more

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Lenders to this group

Christopher
London,
United Kingdom

Amy's mom
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Project Shalom
Wellington, FL
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Anonymous

John
Attleboro, MA
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Andreas Franz
Lonsee,
Germany

Anonymous
Odense,
Denmark

Wpromote
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Anonymous
Elmwood Park, IL
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StephenUhl
Oro Valley, AZ
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Anonymous

Douglas
Monterey, CA
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Weymouth Rotary
Weymouth, Dorset
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Journal entries for Benkadi 2 Group


Loan has been disbursed
 
Entrepreneur: Benkadi 2 Group
Location: Fana Koulikoro, Mali

Thank you for your loan. It has been disbursed to Benkadi 2 Group, consisting of MAMINE DIARRA , MOUSSOCOURA MAH FOMBA , MAH FOMBA , SITAN COULIBALY , ALIMATA TRAORE , MAMOU TRAORE , NANA DIARRA , GNEBA COULIBALY , BAYA MARIKO , MARIAM SACKO by Soro Yiriwaso, a partner of Save the Children in Mali. We are excited to watch this business grow. Over the 7 months of this loan, Soro Yiriwaso, a partner of Save the Children will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from Fana Koulikoro, Mali
Aug 5, 2009
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Kiva Help Repayment Schedule for Benkadi 2 Group

  Expected Repayments Actual Repayments Comments
April 2010 $650.00 Available Apr 1