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Benkadi 2 Group
In this Group: Maminata, Fatoumata , Fatoumata, Mariam , Marietou, Bibata , Fanta , Yah, Teninko , Namaro
The ten members of the BENKADI 2 group are married women who are, on average, 45 years old and have four children each. Most of them live in polygamous families in Lanfiala, one of the villages of the Loulouni commune, in the Cercle of Kadiolo (3rd administrative region of Mali).

They are working with the microfinance institution Soro Yiriwaso in order to carry out their farming activities during the rainy season.

This is their eighth loan with the institution; their previous loans have been well repaid.

Maminata cultivates rice and groundnut (in the photo, she is the first one standing from the left).

With her loan, she is planning to pay for the cost of plowing and to buy inputs and seeds to cultivate one hectare (2.47 acres) of land.

The resulting crop is sold after the harvest in the village and at the Loulouni market, to a customer base comprising men and women.

Maminata is expecting average profits to reach 165,000 CFA francs per season.

Thanks to these profits, she will be able to repay her loan and to help her husband with the daily living expenses.
View original language description ↓
Les dix membres du groupe BENKADI 2 sont des femmes mariées ayant une moyenne d’âge de 45 ans, 4 enfants et vivant la plupart dans des familles polygames à LANFIALA, un des villages de la commune de LOULOUNI dans la préfecture de KADIOLO, 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 huitième prêt avec l’institution, les prêts passés ont été bien remboursés.
Les spéculations cultivées sont le riz et l’arachide par MAMINATA au premier rang à gauche debout sur la photo.
Avec son prêt, elle compte payer les frais de labour, acheter des intrants et les semences pour entretenir 1hectare.
Les productions sont vendues au niveau du village et au marché de LOULOUNI après la récolte à une clientèle composée d’hommes et de femmes.
Elle compte réaliser un bénéfice moyen de 165.000 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

  • $1,100
    Average annual income
  • 29
    View loans »
    Mali Loans Fundraising
  • $11,391,925
    Funds lent in using Kiva
  • 523.2
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Benkadi 2 Group's $775 loan helped a member to pay for the cost of plowing and to buy agricultural inputs and seeds.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Jul 27, 2012
Listed
Oct 1, 2012
Currency Exchange Loss:
Possible
Ended:
Mar 15, 2013