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Benkadi 5 Group
In this Group: Korotoumou , Awa , Koumba , Mariam , Djeneba
The five members of the Benkadi 5 group are married women, on the average 31 years of age, with four children. They all live in traditional families in Faraba, a district in the town of Bougouni, the third administrative region of Mali.
They collaborate with the Soro Yiriwaso microfinance institution in order to better ménage their agricultural activities during the rainy season. They are on their seventh loan, and their prior loan have been duly repaid.
They cultivate rice and peanuts, which is what Korotomou does, for example. She is first one seated from the right in the photo. She plans to use her loan to buy agricultural inputs [fertilizers, etc] and seeds and pay the cost of labor to work 1 ha [2.5 acres] of land. After harvesting, she sells her produce at the marketplace, to a customer base composed of both men and women.
She plans to earn 35,000 West African francs at the end of the agricultural season. This revenue will allow her to provide for her own needs as well as help out her family with everyday expenses.
View original language description ↓
Les 5 membres du groupe Benkadi 5 sont des femmes mariées ayant une moyenne d’âge de 31 ans, 4 enfants et vivant tous dans des familles traditionnelles à Faraba, un des quartiers de la ville Bougouni, 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 septième prêt avec l’institution et les prêts passés ont été bien remboursés.
La spéculation cultivée est le riz et l’arachide, avec Korotoumou 1ere assise de la droite vers la gauche sur la photo, elle compte acheter avec son prêt, des intrants, la semence et payer les frais de labour pour entretenir 1 hectare.
La production est vendue au niveau du marché, après la récolte à une clientèle composée d’hommes et de femmes.
Elle compte réaliser un bénéfice de 35.000 francs CFA en fin de campagne.
Ce bénéfice lui permettra de subvenir à ses besoins et aussi aider la 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

  • $1,100
    Average annual income
  • 22
    View loans »
    Mali Loans Fundraising
  • $11,383,950
    Funds lent in using Kiva
  • 491.2
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Benkadi 5 Group's $775 loan helped a member to buy agricultural inputs and seeds and pay the cost of labor.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Jun 6, 2013
Listed
Jun 16, 2013
Currency Exchange Loss:
Possible
Ended:
Mar 17, 2014