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Benkadi 1 Group
In this Group: Awa , Kadiatou , Safiatou , Foune , Kadiatou , Mamine Oumar , Djeneba Issa , Kadia Oumar , Aissata , Bintou
The BENKADI 1 group was created by the Married Women's Association of Toura Nabitokan village, in the San prefecture, Ségou region (fourth largest administrative region in Mali). These women live in traditional families, and on average are 34-year-old, have 5 children and farm peanuts.
In the hope of making their farming profitable, the group's members decided to join Soro Yiriwaso's lending program 3 years ago. They properly repaid their previous loans and are now requesting a third one.
AWA D. will use her part of the loan to buy a sufficient amount of peanut seeds, small tools and fertilizer in the big Kimparana market. After winter, the crops are stored for some time until they gain value, after which they are sold in the Kimparana market and the surrounding markets, detail or wholesale, for cash, usually to client from the city.
The BENKADI 1 group members plan on making a 35 000 FCFA profit each after the sale of their products and to use it to repay interests on the loan and their families usual expenses.
View original language description ↓
Le groupe BENKADI 1 est issu de l’Association de femmes mariées du village de Toura Nabitokan de la préfecture de San, région de Ségou (quatrième région administrative de la république du Mali) qui vivent dans des familles traditionnelles. Elles ont en moyenne 34 ans, 5 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.
AWA D. va utiliser son prêt pour acheter, une quantité suffisante de semence d’arachide, des petits matériels et des intrants, au grand marché de Kimparana. Après l’hivernage, les récoltes sont stockées pendant un certain temps pour qu’elles aient de la valeur avant d’être vendues au grand marché de Kimparana 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 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
  • 12
    View loans »
    Mali Loans Fundraising
  • $10,215,175
    Funds lent in using Kiva
  • 523.9
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Benkadi 1 Group's $1,150 loan helped a member buying fertilizer, small tools and seeds.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Jun 7, 2010
Listed
Jul 4, 2010
Currency Exchange Loss:
Covered
Ended:
May 15, 2011