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Benkadi 1 Group
In this Group: Michata , Fatoumata , Alimata, Minata , Sali , Minata , Mariam, Aby Samba, Mariam Mama , Sali Abou
The group Benkadi I is made up of married women. They are on average 38 years old and have an average of 4 children each. For the most part they live in polygamous families in Maaro, a village located about 45 km from Sikasso, 3rd administrative district of Mali.

They are working with micro-finance institution Soro Yiriwaso in order to better organize their activities at the beginning of the rainy season. This is their fifth loan with Soro Yiriwaso. The previous loans were fully repaid. The crops they grow are rice and groundnuts. Madame Michata, standing in the center, plans to pay for plowing costs and to buy inputs and groundnut seeds for 0.5 hectare of land. After the harvest, the crops are sold at the village of Loutanna and at the Sikasso market to customers who are both men and women. She expects to make an average profit of 75,000 CFA francs at the end of the season. The profit will allow her to repay the loan and help her husband with everyday expenses.
View original language description ↓
Le groupe BENKADI 1 est composé de femmes toutes mariées, ayant une moyenne d’âge de 38 ans, 4 enfants et vivant la plupart dans des familles polygames à MAARO, un village situé à environ 45 km de la ville de Sikasso 3ème région administrative du Mali.
Elles collaborent avec l’institution de microfinance Soro Yiriwaso afin de mener à bien leurs activités agricoles pendant l’hivernage.
Elles sont à leur cinquième cycle prêt avec l’institution. Les prêts antérieurs ont été correctement remboursés.
La spéculation cultivée est : le riz et l’arachide avec Madame MICHATA debout au milieu.
Avec son prêt, elle compte payer les frais de labour, acheter des intrants et la semence d’arachide pour entretenir : 0,5 hectare.
La production est vendue au niveau du village à LOUTANA et au marché de SIKASSO après la récolte à une clientèle composée d’hommes et de femmes.
Elle compte réaliser un bénéfice moyen de 75 000 FCFA en fin de campagne.
Ce bénéfice lui permettra de payer son prêt et aussi d’aider son mari dans les dépenses quotidiennes.

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
  • 23
    View loans »
    Mali Loans Fundraising
  • $9,945,750
    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 1 Group's $1,500 loan helped a member to buy inputs and groundnut seeds and to pay for plowing costs.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Aug 4, 2011
Listed
Oct 1, 2011
Currency Exchange Loss:
Possible
Ended:
May 16, 2012