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Benkadi Group
In this Group: Moustapha , Drissa , Fatogoma, Robert , Nicodeme, Bourama Coulibaly , Mamadou, Solomane
The eight members of the group "Benkadi" are married men averaging 45 years of age and six children each living for the most part in nuclear families in Kampogosso, a village in San (4th administrative region of the Republic of Mali). The men are collaborating with the microfinance institution Soro Yiriwaso to carry out their farm work during the rainy season. They are on their third loan with the institution. The past loans have indeed been paid back.

The crop grown is corn. Moustapha, the group's president (the second one standing in the photo with a white beard) intends to use his loan to buy farm inputs and seeds and to cover the cost of plowing for maintaining 2 hectares.

The produce is sold in the village and at the San market after the harvest. The customer base is composed essentially of retailers from large cities, such as Bamako, Mopti, and Ségou.

He expects to make an average profit of 300,000 francs CFA at the end of the planting season. This profit will enable him to repay his loan and also to help the extended family to cover day-to-day expenses.
View original language description ↓
Les 8 membres du groupe Benkadi sont des hommes mariées ayant une moyenne d’âge de 45 ans, 6 enfants et vivant majoritairement dans des familles nucléaires à Kampogosso, un des villages de San, 4ème région administrative du Mali.
Ils collaborent avec l’institution de microfinance Soro Yiriwaso afin de mener à bien leurs activités agricoles pendant l’hivernage.
Ils sont à leur troisième prêt avec l’institution et les deux prêts passés ont été bien remboursés.
La spéculation cultivée est : le maïs et Moustapha, le président du groupe, 2 eme debout avec une barbe blanche sur la photo, compte acheter avec son prêt, des intrants, de la semence et payer les frais de labour pour entretenir : 2 hectares.
La production est vendue au niveau du village, au marché de San, après la récolte, à une clientèle composée essentiellement de revendeurs venant des grandes villes tels Bamako, Mopti et Ségou.
Il compte réaliser un bénéfice moyen de 300.000FCFA en fin de campagne.
Ce bénéfice lui permettra de payer son prêt et aussi aider la grande famille 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
  • $10,748,325
    Funds lent in using Kiva
  • 523.4
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Benkadi Group's $3,550 loan helped a member to buy farm inputs and some seeds and to cover the cost of plowing.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
May 15, 2012
Listed
Jul 1, 2012
Currency Exchange Loss:
Possible
Ended:
Mar 15, 2013