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Benkadi I Group
In this Group: Nana Yaya , Rokia , Alimata F. , Sali , Alimata , Fatoumata T. , Mariam D , Mariam K., Batenin A.
BENKADI I is a group of 9 married women from the Sangoula village in the prefecture of Bla, in the ex Cercle de BLA, region of Ségou (fourth administrative region of the republic of Mali). They live in traditional families, are on average 44 years old, have on average 4 children, and cultivate rice, peanuts and okra. In an effort to make a profit with their farm and to increase their farmable land for better returns, the members of the BENKADI I group decided to incorporate the credit program of Soro Yiriwaso and are on their first loan. Rokia, the first woman seated on the left with a red scarf, plans to use her loan to buy quality seeds, small equipment, and agricultural resources for farming, exclusively at the grand market of BLA city. After the winter, the harvest are stocked for a certain time for them to get some value before being sold at the grand market in BLA, YANGASSO and neighboring markets, by retail (often at wholesale), by credit to a clientele that generally come from big cities. After the yield of their agricultural products, the members of the BENKADI I group plan to each earn 40,000 – 46,000 FCFA monthly, which will be used to repay the loan’s interest and family expenses.
View original language description ↓
BENKADI I est un regroupe de 9 femmes mariées du village de SANGOULA de la sous préfecture de BLA, dans l’ex Cercle de BLA, région de SÉGOU (quatrième région administrative de la république du Mali). Elles vivent dans des familles traditionnelles, ont en moyenne 44 ans, 4 enfants et cultivent du riz, de l’arachide et du gombo.
Dans le souci de rentabiliser leurs exploitations agricoles et d’augmenter les parcelles cultivables pour une meilleure production, les membres du groupe BENKADI I ont décidé d’intégrer le programme crédit de Soro Yiriwaso, sont à leur premier prêt de campagne.
ROKIA, la première assise à gauche, avec une écharpe rouge, compte utiliser son prêt pour acheter, des semences de bonne qualité, des petits matériels et des intrants agricoles pour la culture, exclusivement au grand marché de BLA 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 BLA , YANGASSO 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 40.000 à 46.000FCFA 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
  • 23
    View loans »
    Mali Loans Fundraising
  • $11,383,950
    Funds lent in using Kiva
  • 456.3
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Benkadi I Group's $1,000 loan helped a member to buy resources, seeds, and small equipment.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Aug 3, 2011
Listed
Sep 3, 2011
Currency Exchange Loss:
Possible
Ended:
May 15, 2012