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Benkadi Iii Group
In this Group: Satou Yaya , Hawa M. , Fatoumata , Safiatou Y , Ramatou A., Amitou S. , Yama K. , Hawa S. , Maimouna
BENKADI III is a group of married women who come from the village of Sangoula, located in the sub-prefecture of Bla, an administrative subdivision of the Ségou Region (the fourth administrative region of the Republic of Mali). The women live in traditional households. They have an average age of 43, 6 children to raise and they grow rice, groundnuts and okra. In order to make their farms profitable and increase the amount of cultivatable land and therefore production, the members of the BENKADI III group decided to join Soro Yiriwaso's loan program and this year are requesting their first farming loan.
Ramatou A., standing in the middle of the picture and wearing the blue scarf, will use the loan to buy good quality seeds, small equipment and farm inputs (e.g. fertilizer, pesticide) at the Grand Market in Bla. After the rainy season, the harvested produce will be stored for a certain period of time so that it can gain in value before being sold at the markets of Bla, Yangasso and surrounding towns. It is often sold in bulk and mostly for cash to customers from large towns.
The members of the BENKADI III group are hoping to realize an average profit of 45 000 francs each after selling their produce, and will use those profits to pay off their loan interest and cover their household expenses.
BENKADI III est un groupe de femmes mariées du village de SANGOULA de la sous préfecture de BLA, préfecture de BLA région de SÉGOU (quatrième région administrative de la république du Mali). Elles vivent dans des familles traditionnelles. Elles ont en moyenne 43 ans, 6 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 III ont décidé d’intégrer le programme crédit de Soro Yiriwaso cette année elles sont à leur premier prêt de campagne.
RAMATOU A., debout au milieu avec une écharpe bleue, compte utiliser son prêt pour acheter, des semences de bonne qualité, des petits matériels et des intrants agricoles pour la culture, au grand marché de BLA. 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 III comptent réaliser chacune, après l’écoulement de leurs produits agricoles, un bénéfice moyen de 45.000FCFA 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 Iii Group's $1,000 loan helped a member to buy farm inputs, 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 4, 2011
Currency Exchange Loss:
Possible
Ended:
May 15, 2012