Check out some available loans that are similar to this one!
Benkadi 2 Group
In this Group: Mamine , Morema , Minata , Kadiatou , Chiatan , Fatouma , Fanta , Korotimi , Kassita , Mawa
Benkadi 2 is a group of women from the village of Moribila Kafono, which is made up of 10 women, who are all married, 34 years old on average with at least 7 children. They live in large traditional families. Their village is situated in the Kimparana sub-prefecture, a region of Segou. For the most part, they cultivate peanuts. With the intention of making their agricultural concerns profitable, the group members decided to join the Soro Yiriwaso credit program four years ago. After having fully repaid their previous loans, they are on their fourth country loan. Mawa, the second person standing in the center, expects to use her current loan to purchase peanut seeds, light equipment and agricultural fertilizers for cultivation at the big market in Kimparana city. After the rainy season, the harvests are stored for a certain amount of time so that they gain value before being sold at the big market in Kimparana and at surrounding markets at retail (or often wholesale) for cash to a customer base generally coming from the big cities. The members of the group expect to each make a profit of 80,000 to 95,000 FCFA after the harvest of their agricultural products, which will be used to pay the interest on their loans and their families' current expenses.
View original language description ↓
BENKADI 2 est un regroupement de femmes du village MORIBILA KAFONO, qui est composé de 10 femmes toutes mariées ayant en moyenne 34 ans et au moins 7 enfants. Elles vivent dans des familles traditionnelles élargies. Leur village est situé dans la sous préfecture de Kimparana, région de SÉGOU.
Elles cultivent essentiellement 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.
MAWA, deuxième debout au milieu, compte utiliser son prêt actuel pour acheter, des semences d’arachide, des petits matériels et des intrants agricoles pour la culture, 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 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 80 000 à 95 000 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
  • 30
    View loans »
    Mali Loans Fundraising
  • $11,460,850
    Funds lent in using Kiva
  • 451.5
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Benkadi 2 Group's $2,225 loan helped a member to purchase fertilizers, seeds and light 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