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Benkadi 1 Group
In this Group: Fanta , Ramata, Awa , Mariam, Diassira , Karitio, Gnisira , Djénèba , Karitio D , Diatou
The Benkadi-1 group is composed exclusively of married women. Its 10 members live in polygamous families and average 30 years of age, with two children. They all live in the village of Togoya, the district of Kolondièba, and know each other as neighbors and relatives by blood or marriage. They all farm in the rainy season.

With the goal of increasing their produce output, the group members have joined Soro Yiriwaso and are now on their second agricultural loan.
Fanta, the one seated in the photo, plans to use her loan to buy seeds, fertilizers, herbicides and picks as well as t pay for the cost of working and weeding the fields. She plans to cultivate 1 ha [about 2.5 acres] of rice and peanuts. She would like to produce 1 ton [2200 lbs] of rice and 1 ton of peanuts. Part of the produce will be sold to repay her loan, and the rest stocked as food supply. The revenues from her sales will be used to pay for clothing and certain household needs.
View original language description ↓
Composé exclusivement de femmes mariées, les 10 membres du groupe BENKADI 1 vivent dans des familles polygames avec en moyenne 30 ans et 2 enfants. Elles habitent toutes dans le village de Togoya, cercle de Kolondièba et se sont connues à travers des liens de voisinage, de parenté et de mariage. Elles mènent toutes une activité hivernale.
Dans le but d’augmenter leurs productions, les membres de l’association ont intégré Soro Yiriwaso et sont à leur 2eième prêt de campagne.
Fanta, position assise, elle compte utiliser son prêt pour acheter des semences, des engrais et des herbicides, des pioches et le labour et sarclage des champs. Elle compte cultiver 1 hectare de riz et d’arachide. Elle veut produire 1 tonnes de riz, 1tonnes d’arachide. Une partie de ces productions seront destinée à vendre pour le remboursement de son prêt et le reste serait stocké pour la nourriture. Le bénéfice des ventes sera mis pour l’habillement et prendre en charge certains besoins du foyer.

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
  • 68
    View loans »
    Mali Loans Fundraising
  • $10,809,225
    Funds lent in using Kiva
  • 525.0
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Benkadi 1 Group's $1,250 loan helped a member to buy agricultural inputs and tools and pay the cost of labor.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
May 29, 2012
Listed
Aug 1, 2012
Currency Exchange Loss:
Possible
Ended:
Feb 15, 2013