Check out some available loans that are similar to this one!
Benkadi  3 Group
In this Group: Safiatou , Awa , Kadia Deni , Aminata , Bintou , Mariam , Mamine , Kadiata , Chata , Mamine
BENKADI 3 regroups married women with an average age of 37 and on average, six children, who live in polygamous families in MAARO, a village situated about 45 km from the town of Sikasso, third administrative region of Mali. They work with the microfinance institution Soro Yiriwaso so as to succeed in their agricultural activities during the rainy season. They are on their fifth loan with the institution. Their prior loans have been correctly reimbursed.

The crops cultivated are rice and peanuts, in the case of Madame SAFIATOU, standing first on the right. With her loan she intends to pay for plowing and buy inputs and rice seed to maintain 0.25 hectares. The produce is sold right in the village of LOUTANA and at the market of SIKASSO after the harvest, to a clientele composed of men and women. She expects to make a profit of 20,000 F CFA at the end of the growing season. This profit will allow her to repay her loan and also to help her husband with daily expenses.

She would like to continue this collaboration with Soro Yiriwaso so as to be able to cultivate an even larger area so as to make more profit.
View original language description ↓
BENKADI 3 est un regroupement de membres qui des femmes mariées ayant une moyenne d’âge de 37 ans, 6 enfants et vivant toutes 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 et tous les prêts antérieurs ont été correctement remboursés.
La spéculation cultivée est : le riz et l’arachide avec Madame SAFIATOU premier debout à droite.
Avec son prêt, elle compte payer les frais de labour, acheter des intrants et la semence de riz pour entretenir : 0,25 hectare.
La production est vendue au niveau du village de 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 20.000 FCFA en fin de campagne.
Ce bénéfice lui permettra de payer son prêt et aussi d’aider son mari dans les dépenses quotidiennes.
Elle souhaite entretenir cette collaboration avec Soro Yiriwaso afin d’ exploiter un espace cultural encore plus grand pour mieux en tirer plus de gains

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
  • 39
    View loans »
    Mali Loans Fundraising
  • $10,780,200
    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 3 Group's $875 loan helped a member to buy inputs, pay for plowing, and buy rice seed.
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 17, 2012