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Benkadi 1 Group
In this Group: Kadiatou Sounkalo , Sitan , Aby , Salimata , Djeneba , Minata , Mariam , Awa , Afou , Kadia
The members of the Benkadi 1 Group are married women with an average age of 35 and five children. They all live in polygamist families in Loutana, one of the villages of Sikasso, the 3rd administrative region of Mali. They have partnered with the microfinance institution Soro Yiriwaso to carry out their farming businesses during the rainy season. They are on their second loan cycle with the institution, after their last loan was repaid.

The crop they grow is sorghum. Kadiatou is pictured standing in the middle of the photo. With her loan, she intends to buy farm inputs and pay for plowing to maintain 1.5 hectares. After harvest, her produce is sold in the village and in the Sikasso market to male and female customers. She expects to make an average of 170,000 francs CFA per season. This income will allow her to pay off her loan and to help her husband with daily expenses.
View original language description ↓
Les membres du groupe BENKADI 1 sont des femmes mariées ayant une moyenne d’âge de 35 ans, 5 enfants et vivant toutes dans des familles polygames à Loutana, un des villages 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 deuxième prêt avec l’institution, le prêt passé a été bien remboursé.
La spéculation cultivée est le sorgho avec KADIATOU debout au milieu.
Avec son prêt, elle compte acheter les intrants et payer les frais de labours pour entretenir 1,5 hectare.
La production est vendue au niveau du village et au marché de SIKASSO après la récolte à une clientèle composée d’hommes et de femmes.
Elle compte réaliser un bénéfice moyen de 170.000 FCFA par 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
  • 14
    View loans »
    Mali Loans Fundraising
  • $10,188,875
    Funds lent in using Kiva
  • 533.4
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Benkadi 1 Group's $950 loan helped a member to buy farm inputs and pay for plowing.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Jul 9, 2012
Listed
Sep 1, 2012
Currency Exchange Loss:
Possible
Ended:
Apr 17, 2013