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Benkadi  3 Group
In this Group: Ami , Nana , Ami , Djeneba , Setou, Ami , Sanata , Kadia , Alima , Minata
he Benkadi 3 group is composed of married women from the Dangasso village in the San prefecture, in the Segou Region (the fourth administrative region of Mali). The women live in traditional families. They are on the average 41 years old and have at least six children.

They cultivate fonio [a local sort of millet], sorrel and “gombo” [okra]. In order to make their agricultural work profitable, they have decided to join the Soro Yiriwaso credit program two years ago. After having duly repaid previous loans, they are now on their second agricultural loan.

Sanata D. plans to use her loan to purchase a sufficient supply of fonio seeds, small tools and agricultural inputs, specifically at the big market in San. After the winter season, the harvest is stored for a while as its price increases before being sold at the big markets of San, Dah, and other nearby markets, retail (often wholesale too) for cash to customers mostly coming from big towns.

After selling their produce, each group member expects to obtain an income between 21,000 and 39,500 West African francs, which will be used to pay off the loan interest and cover ongoing family expenses.
View original language description ↓
Le groupe Benkadi 3 est composé de femmes mariées du village de DANGASSO dans la préfecture de SAN, région de SEGOU (quatrième région administrative de la république du Mali). Elles vivent dans des familles traditionnelles. Elles ont en moyenne 41 ans et au moins 6 enfants.
Elles cultivent du fonio, de l’oseille et du gombo.
Dans le souci de rentabiliser leurs exploitations agricoles, les membres du groupe ont décidé d’intégrer le programme crédit de Soro Yiriwaso depuis maintenant 2 ans. Après avoir correctement remboursé les prêts précédents, elles sont à leur deuxième prêt de campagne.
SANATA D., est des membres du groupe, compte utiliser son prêt pour acheter, une quantité suffisante de semence de fonio, des petits matériels et des intrants agricoles, exclusivement au grand marché de SAN. 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 SAN, DAH et dans les marchés environnants, en détail (souvent en gros), au comptant à une clientèle venant généralement des grandes villes.
Les membres du groupe comptent réaliser chacune, après l’écoulement de leurs produits agricoles, un bénéfice 21000 à 39500CFA qui sera utilisé pour le remboursement des intérêts du prêt et les dépenses courant 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
  • 23
    View loans »
    Mali Loans Fundraising
  • $9,946,875
    Funds lent in using Kiva
  • 520.7
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Benkadi 3 Group's $1,000 loan helped a member purchasing agricultural inputs, seeds and small tools.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Jun 18, 2010
Listed
Aug 1, 2010
Currency Exchange Loss:
Covered
Ended:
Apr 15, 2011