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Benkadi Ii Group
In this Group: Mamou , Abi , Minata Madou , Bintou , Sata , Adiaratou , Koro Abou , Mamou , Minata Balla , Tene
The members of the group BENKADI II are married women from the village of Tiebele Zanguerekan, in San prefecture, Segou region, (4th administrative region of the Republic of Mali). They live in traditional families and average 30 years of age and six children each. They grow peanuts.

Concerned with making their crops profitable, the group members decided to join the loan program of the micro-finance institution Soro Yiriwaso three years ago. After having correctly repaid the two previous loans, they are now on their third farm loan.

Ms. Tene D. intends to use her loan for buying a sufficient quantity of peanut seeds, sundry equipment, and some supplies at the big market of Kimparana city. After the winter, the harvest is stored for a while, so that it gains in value. It is then sold at the big market of Kimparana, as well as at surrounding markets. The produce is sold retail for cash to customers generally from big cities.

After selling her produce, Ms. Tene D. plans on making a profit of 95,000 francs CFA that will be used for repaying the loan interest and covering normal family expenses.
View original language description ↓
Les membres du groupe BENKADI II sont des femmes mariées du village de Tiebele Zanguerekan dans la préfecture de San, région de Ségou (quatrième région administrative de la république du Mali). Elles vivent dans des familles traditionnelles, ont en moyenne 30 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 deux prêts précédents, elles sont à leur troisième prêt de campagne.
TENE D. compte utiliser son prêt pour acheter, une quantité suffisante de semence d’arachide, des petits matériels et des intrants, au grand marché de Kimparana ville. 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 ainsi que dans les marchés environnants en détail (souvent en gros) au comptant à une clientèle venant généralement des grandes villes.
TENE D. compte réaliser chacune, après l’écoulement de sa production agricole, un bénéfice de 95.000FCFA 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
  • 30
    View loans »
    Mali Loans Fundraising
  • $10,710,275
    Funds lent in using Kiva
  • 508.0
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Benkadi Ii Group's $1,100 loan helped a member buying supplies, seeds, and equipment.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Jun 20, 2010
Listed
Aug 1, 2010
Currency Exchange Loss:
Covered
Ended:
Mar 15, 2011