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Benkadi  1 Group
In this Group: Koniba , Yayo, Maimouna , Rokia B, Minata S , Kadia , Chata Koniba , Koniba, Kotimi , Djeneba S
The Benkadi 1 group is an association of married women from the Djigonso village in the sub prefecture of Yangasso (prefecture of San), in Segou (fourth administrative region of Mali). They live in traditional families, and on average, they are 43-years old and have at least 6 children.

They mainly grow rice. In order to make their farms profitable, the members of Benkadi 1 decided to join the Soro Yiriwaso loan program. Having fully repaid their group loan, they switched to farming loans since their primary activity during the rainy season is growing rice. They are seeking their first farming loan.

Koniba T. plans to use the loan to buy a sufficient quantity of rice seeds and small farming tools, and pay for labor and planting supplies to help increase harvest profitability. Purchases are made exclusively at the main market of the town of Bla. After the rainy season, the harvest is stored (some is used) for a certain amount of time in order to gain value prior to being sold at the markets of Yangasso, Bla, and other surrounding markets, retail (often wholesale) and for cash, to a clientele usually coming from the larger cities.

Once the products are sold, the group members of Benkadi 1 hope to make a profit of 30,000FCFA each, which would be used to repay the loan interest and cover the daily expenses of their families.
Le groupe Benkadi 1 est d’une Association de femmes mariées du village de Djigonso de la sous préfecture de Yangasso, préfecture de San, région de Ségou (quatrième région administrative de la république du Mali). Elles vivent dans des familles traditionnelles et ont en moyenne 43 ans et au moins 6 enfants.
Elles cultivent essentiellement du riz.
Dans le souci de rentabiliser leurs exploitations agricoles, les membres du groupe Benkadi 1 ont décidé d’intégrer le programme crédit de Soro Yiriwaso. Après avoir correctement remboursé leur prêt solidaire, elles décident de venir aux prêts de campagne étant données que leur activité principale en hivernage est la culture du riz, d’où leur premier de prêt de campagne.
Koniba T. compte utiliser son prêt pour acheter, une quantité suffisante de semences de riz, des petits équipements, le paiement des ouvriers et des intrants pour mieux rentabiliser les récoltes. Les achats se font exclusivement au grand marché de Bla ville. Après l’hivernage, les récoltes sont stockées (une partie consommée) pendant un certains temps pour qu’elles aient de la valeur avant d’être vendues au grand marché Yangasso, Bla et dans les marchés environnants, en détail (souvent en gros), au comptant à une clientèle venant généralement des grandes villes.
Les membres du groupe Benkadi 1 comptent réaliser chacune, après l’écoulement de leurs produits agricoles, un bénéfice de 30 000FCFA qui sera utilisé pour le remboursement des intérêts du prêt et les dépenses courantes de la famille.

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

  • $1,200
    Average annual income
  • 40
    View loans »
    Mali Loans Fundraising
  • $10,429,550
    Funds lent in using Kiva
  • 537.0
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Benkadi 1 Group's $1,025 loan helped a member to purchase planting supplies, seeds, small farming tools, and to pay for labor.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Jun 4, 2010
Listed
Jul 4, 2010
Currency Exchange Loss:
Covered
Ended:
Mar 15, 2011