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Benkadi  De Fofanabougou Group
In this Group: Massa, Broulaye , Siaka , Issa
The four members of the group BENKADI are married men who average 36 years of age and 3 children. The men live in polygamous families in FOFANABOUGOU, a village in the rural community of FANA, sub-prefecture of FANA (2nd administrative region of the Republic of Mali).

The group members just started collaborating with the micro-finance institution Soro Yiriwaso with the goal of being able to carry out their winter-time work. They grow corn exclusively which remains the dominant crop of the area.

As for the use of this loan, they intend to buy seeds, fertilizer and the like, and minor farm supplies and equipment. They also intend to cover the cost of labor for maintaining 5 hectares. Supplies are gotten essentially from the weekly market of the city of FANA.

After the harvests, the produce is sold in Fana, Tingolé, to customers composed of men and women. The group members plan on realizing an average profit of 100,000 francs CFA after the planting campaign.
View original language description ↓
Les quatre membres du groupe BENKADI sont des hommes mariés ayant une moyenne d’âge de 36 ans, 3 enfants et vivant dans des familles polygames à FOFANABOUGOU un des villages de la commune rurale de FANA, sous préfecture de FANA, 2ème région administrative de la république du Mali.
Ils viennent de commencer leur collaboration avec l’institution de microfinance Soro Yiriwaso dans le but de pouvoir réaliser les activités hivernales. Ils font exclusivement la culture du maïs qui reste la culture dominante de la zone.
Par rapport à l’utilisation de ce prêt, ils comptent acheter, des semences, des intrants, des petits matériels agricoles et payer les frais de labour pour entretenir 5 hectares. Ils s’approvisionnent essentiellement sur le marché hebdomadaire de la ville de FANA.
La production est vendue au niveau de Fana, Tingolé, après les récoltes, à une clientèle composée d’hommes et de femmes.
Ils comptent réaliser un bénéfice moyen de 100 000FCFA après la campagne.

Additional Information

Important Information

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.

About Mali

  • $1,100
    Average annual income
  • 14
    View loans »
    Mali Loans Fundraising
  • $11,512,075
    Funds lent in using Kiva
  • 455.2
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Benkadi De Fofanabougou Group's $1,100 loan helped a member labor, seeds, fertilizer, herbicide, and minor supplies and equipment.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
At end of term
Jul 15, 2009
Sep 1, 2009
Currency Exchange Loss:
May 15, 2010