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Benkadi Vii Group
In this Group: Araba , Korotoumou, Sanata , Ami , Nioni , Awa , Kadia Ousmane, Fatoumata , Mariam, Fatoumata B
The members of the Benkadi VII group are married women from the village of Ziekan of San, a region in Ségou (fourth administrative region of the Republic of Mal) who live in traditional families, are 37 years old on average and have at least 7 children. They raise peanuts. In order to make their agricultural business profitable, the members of the Ziekan group decided to join the Soro Yiriwaso loan program three years ago. Having fully paid back their previous two loans, they are on their third farm loan. Nioni K. expects to use her loan to buy a sufficient quantity of peanut seeds, small tools and input materials, exclusively from the large market in Kimparana. After the rainy season, the crops are stored for a time to be valued before being sold at the large market in Kimparana. The sales are made both in M’peresso and in the surrounding market at retail (often at wholesale) for cash to a customer base that generally comes from large cities. After the sale of their agricultural products, the members of the group each expect to make a profit of between 25,000 and 45,000 FCFA which will be used to repay the interest on the loan and for the everyday expenses of the family.
View original language description ↓
Les membres groupe BENKADI VII sont des femmes mariées du village de Ziekan de San, région de Ségou (quatrième région administrative de la république du Mali), qui vivent dans des familles traditionnelles, ayant en moyenne 37 ans et au moins 7 enfants. Elles cultivent de l’arachide.
Dans le souci de rentabiliser leurs exploitations agricoles, les membres du groupe Ziekan 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.
NIONI K. compte utiliser son prêt pour acheter, une quantité suffisante de semence d’arachide, des petits matériels et des intrants, exclusivement 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. Les ventes se font également à M’peresso 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 de 25 000 à 45 000 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

  • $1,100
    Average annual income
  • 28
    View loans »
    Mali Loans Fundraising
  • $11,391,925
    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 Vii Group's $875 loan helped a member purchase of input materials, seeds and small tools.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Jun 21, 2010
Listed
Aug 1, 2010
Currency Exchange Loss:
Covered
Ended:
Mar 15, 2011