Check out some available loans that are similar to this one!
Benkadi I Group
In this Group: Mariam , Fatoumata , Fanta , Fanta , Melaure , Bintou, Korotoumou , Martha , Secho , Catherine
This BENKADI I group is made up of married women from the village of NIAZEKAN from the former administrative district of KIMPARANA, in the prefecture of SAN, SÉGOU region, fourth administrative region of the Republic of Mali. They live in traditional families. They have an average age of 35 and at least five children each.

They grow peanuts. Wishing to make their agricultural ventures profitable, the members of the group decided to join the loan program of Soro Yiriwaso four years ago. After having correctly reimbursed their preceding loans, they are on their fourth seasonal, rural loan.

CATHERINE will use her share of this loan to buy enough peanut seed, some small tools, and agricultural entrants for this year's crop. She buys her supplies essentially at the big market of Kimparana. After the rainy season, the harvest is stockpiled for a certain time to gain in value before being sold at the big open-air market of Kimparana and at surrounding markets, retail (often wholesale) and for cash, to a clientele who generally come from the big towns.

The members of this BENKADI I group each expect to make, after selling their crops, a profit of 25,000 to 55,000 F CFA which will be utilised to reimburse the interest on the loan and for everyday family expenses.
View original language description ↓
BENKADI I est un regroupement de femmes mariées du village de NIAZEKAN de l’ex arrondissement de KIMPARANA, dans la préfecture de SAN région de SÉGOU quatrième région administrative de la république du Mali. Elles vivent dans des familles traditionnelles. Elles ont en moyenne 35 ans et au moins 5 enfants.
Elles 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 4 ans. Après avoir correctement remboursé les prêts précédents, elles sont à leur quatrième prêt de campagne.
CATHERINE utilisera son prêt actuel pour acheter, une quantité suffisante de semences d’arachide, des petits matériels et des intrants agricoles pour la culture. Elle s’approvisionne essentiellement 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 I comptent réaliser chacune, après l’écoulement de leurs produits agricoles, un bénéfice de 25000 à 55 000 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
  • 19
    View loans »
    Mali Loans Fundraising
  • $10,748,325
    Funds lent in using Kiva
  • 449.7
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Benkadi I Group's $925 loan helped a member to buy entrants, seed, and small tools and equipment.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
May 12, 2011
Listed
Jul 1, 2011
Currency Exchange Loss:
Possible
Ended:
Apr 17, 2012