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Benkadi 5 Group
In this Group: Baoumou , Meima , Sali , Djeneba, Awa , Awa , Sata , Ya
BENKADI 5 is a group of married women from the village of Dah in the San Prefecture of the Segou region (4th administrative region of Mali) who live in traditional extended families. On average, the women are 38 years old and have 6 children. They grow peanuts.

Because of concerns about the profitability of their farm, the group decided to join the Soro Yiriwaso loan program three years ago. This is their third loan and they have repaid their previous loans.

Baoumou D. will use her loan to buy peanut seeds, small agricultural tools and input materials, at the general market in the town of San. After the rainy season, the crop will be stored for it to gain value and then sold at the general markets in Dah, San and in surrounding markets, in stores (often in bulk), or to cash customers from large cities. Baoumou D. expects to make a revenue of 35 000 CFA Francs from selling this agricultural product, which will be used to repay the loan and cover the family's expenditures.
BENKADI 5 est un regroupement de femmes mariées du village de Dah de la préfecture de San, région de Ségou (quatrième région administrative de la république du Mali) qui vivent dans des familles traditionnelles élargies. Elles ont en moyenne 38 ans, 6 enfants et cultivent de l’arachide.
Dans le souci de rentabiliser leurs exploitations agricoles, les membres du groupe ont décidé d’intégrer le programme crédit de Soro Yiriwaso depuis maintenant 3 ans. Après avoir correctement remboursé les prêts précédents, elles sont à leur troisième prêt de campagne.
BAOUMOU D. utilisera son prêt pour acheter, une quantité suffisante de semence d’arachide, des petits matériels agricoles et des intrants, au grand marché de San ville. Après l’hivernage, sa récolte est stockée pendant un certain temps pour qu’elle ait de la valeur avant d’être vendue au grand marché de Dah, San et dans les marchés environnants, en détail (souvent en gros), au comptant à une clientèle venant généralement des grandes villes.
BAOUMOU D. compte réaliser, après l’écoulement de sa production agricole, un bénéfice de 35 000 FCFA 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
  • 7
    View loans »
    Mali Loans Fundraising
  • $10,169,125
    Funds lent in using Kiva
  • 536.8
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Benkadi 5 Group's $575 loan helped a member purchase of inputs, seeds and small agricultural tools.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Jun 3, 2010
Listed
Jul 4, 2010
Currency Exchange Loss:
Covered
Ended:
May 15, 2011