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Benkadi Vi Group
In this Group: Minata Madou , Sorofin , Kossira , Minata , Mamou , Kourani , Salimata , Aminatou , Fatoumata , Djeneba
The 10 members of the Benkadi VI group are all married women, averaging 35 years of age, with five children. They all live in polygamous families in Komo, a village in the [prefecture of] Baguineda in the second administrative district of Mali. They collaborate with the Soro Yiriwaso microfinance institution in order to better manage their agricultural activities during the rainy season. They are on their fifth loan, having duly repaid their prior loans.
They grow millet, which is the case of Minata, for example. She is the third one standing from the left in the photo. With her loan, she plans to buy agricultural inputs [fertilizers etc] and seeds and pay the cost of labor to work 0.5 ha [about one acre] of land. After harvesting, she sells her produce at the village market to a customer base composed of both resellers and consumers. She plans to earn 100,000 West African francs per agricultural cycle. These revenues will allow her to pay off her loan and also help her husband meet everyday expenses.
View original language description ↓
Les 10 membres du groupe BENKADI VI sont des femmes mariées ayant une moyenne d’âge de 35 ans, 5 enfants et vivant toutes dans des familles polygames à KOMO un des villages de BAGUINEDA, 2ème 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 cinquième prêt avec l’institution, les prêts passés ont été bien remboursés.
La spéculation cultivée est le mil avec MINATA ,3 eme debout de la gauche vers la droite sur la photo.
Avec son prêt, elle compte acheter des intrants, des semences et payer les frais de labour pour entretenir 0,5 hectare.
La production est vendue au niveau du village, au marché, après la récolte à une clientèle composée de revendeurs et de consommateurs.
Elle compte réaliser un bénéfice de 100.000FCFA 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
  • 30
    View loans »
    Mali Loans Fundraising
  • $11,463,475
    Funds lent in using Kiva
  • 502.3
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Benkadi Vi Group's $1,000 loan helped a member to pay for the costs of labor, agricultural inputs and seeds.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Jun 26, 2013
Listed
Jul 3, 2013
Currency Exchange Loss:
Possible
Ended:
Mar 17, 2014