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Benkadi Ii Group
In this Group: Konimba , Awa , Maimouna , Hawa , Djeneba , Korotoumou , Minata , Siatan , Awa , Sanata
Benkadi II is a group of married women from the village of Nikankan, in the sub-prefecture of Kimparana of Segou, the fourth administrative region of the Republic of Mali. They live in traditional families. They are 38 years old on average and have at least 4 children. They cultivate peanuts and beans. 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. Hawa, standing in the center, expects to use their loan to buy a sufficient quantity of peanut seeds, some light equipment, labor costs and agricultural fertilizers for cultivation exclusively 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 Moribila San and in the 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 32,000 to 35,000 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 II est un regroupement de femmes mariées du village de NIKANKAN sous préfecture de Kimparana région de SÉGOU quatrième région administrative de la république du Mali. Elles vivent dans des familles traditionnelles. Elles ont en moyenne 38 ans et au moins 4 enfants.
Elles cultivent de l’arachide et du haricot. 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.
HAWA, debout au milieu, compte utilise son prêt pour acheter, une quantité suffisante de semences d’arachide, des petits matériels des frais de labour et des intrants agricoles pour la culture, exclusivement 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 MORIBILA SAN, 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 32000 à 35 000 FCFA qui sera utilisé pour le remboursement des intérêts du prêt et les dépenses courant 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
  • 26
    View loans »
    Mali Loans Fundraising
  • $10,386,300
    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 Ii Group's $1,350 loan helped a member to purchase fertilizers, seeds, light equipment and labor.
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