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Benkadi I Group
In this Group: Seydou , Oumar , Lassina, Lamine , Siaka, Mamy, Yacouba
The Benkadi group is made up of seven men who are all married and come from the village of Moribila Kafonon in the old "arrondissement" (district) of Kimparana in the San circle in the region of Ségou (the third administrative region of the Republic of Mali). They live in traditional families and average 37 years of age with at least seven children each.

They cultivate exclusively corn.

Since they are concerned about making their agricultural operations profitable, the group members decided to join Soro Yiriwaso's loan program this year.

Surdouée D. is planning to use his loan to buy a sufficient quantity of seeds and intrants for his production of corn. After the winter season, the crops are stocked for a certain period of time to gain value before they are sold at the large market in Kimparana, on a retail basis (but also often wholesale) and for cash, to customers who generally come from the large towns.

The members of the Benkadi group are expecting to make an income of between 175,000FCFA and 225,000 FCFA each after selling their agricultural products; this will be used for the repayment of their interest and the running costs of their families.
View original language description ↓
Le groupe BENKADI est constitué de sept hommes, tous mariés du village de Moribila Kafonon dans l’ex l’arrondissement de Kimparana du cercle de SAN, région de Ségou (quatrième région administrative de la république du Mali). Ils vivent dans des familles traditionnelles et ont en moyenne 37 ans et au moins 7 enfants.
Ils cultivent exclusivement du maïs.
Dans le souci de rentabiliser leurs exploitations agricoles, les membres du groupe ont décidé d’intégrer le programme crédit de Soro Yiriwaso cette année.
SURDOUÉE D., compte utiliser son prêt pour acheter, une quantité suffisante de semence et d’intrants pour la production du maïs.
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, en détail (souvent en gros), au comptant à une clientèle venant généralement des grandes villes.
Les membres du groupe BENKADI comptent réaliser chacun, après l’écoulement de leurs produits agricoles, un revenu d’environ 175 000 FCFA à 225 000 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
  • 42
    View loans »
    Mali Loans Fundraising
  • $10,429,550
    Funds lent in using Kiva
  • 510.3
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Benkadi I Group's $1,375 loan helped a member purchase of intrants and seeds.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Jul 30, 2010
Listed
Sep 1, 2010
Currency Exchange Loss:
Covered
Ended:
May 24, 2011