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Benkadi 1 Group
In this Group: Minata , Halima , Kadia , Maima , Hawa , Bintou , Djeneba , Salimata , Hawa , Fatoumata
The members of the Benkadi 1 group are married women who are, on average, 41 years old with seven children each. They all live in traditional families in Nagousso, in the Moribila commune, Cercle of San (fourth administrative region of Mali).

They have joined the microfinance institution Soro Yiriwaso in order to successfully carry out their farming activities during the rainy season. They are on their fourth loan with the institution and have duly repaid their previous loans.

Hawa, a member of the group, grows groundnut. In the photo, she is in the standing row, first from the left.

She plans to use her loan to buy agricultural inputs, seeds, small tools and to cover the cost of plowing to cultivate 0.5 hectare (1.23 acre) of land.

After the harvest, she will sell her production to both men and women in her own village and in Kimparana. She is expecting to make a profit of 30,000 CFA francs at the end of the season. This profit will allow her to repay her loan and to help her husband with the daily expenses.
View original language description ↓
Les membres du groupe Benkadi 1 sont des femmes mariées ayant une moyenne d’âge de 41 ans, 7 enfants et vivant toutes dans des familles traditionnelles à NAGOUSSO commune de moribila cercle de San, 4ème 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 4eme prêt avec l’institution, les prêts passés ont été bien remboursés.
La spéculation cultivée est l’arachide avec HAWA, 1 ere femme debout de la gauche vers la droite sur la photo.
Avec son prêt, elle compte acheter des intrants, des semences, des petits matériels agricoles et payer les frais de labour pour entretenir 0,5 hectare.
La production sera vendue au niveau du village et à Kimparana, après la récolte, à une clientèle composée d’hommes et de femmes.
Elle compte réaliser un bénéfice de 30.000FCFA en fin de 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
  • 40
    View loans »
    Mali Loans Fundraising
  • $11,450,100
    Funds lent in using Kiva
  • 505.7
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Benkadi 1 Group's $750 loan helped a member to cover the cost of plowing and buy agricultural inputs, small tools and seeds.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Jun 11, 2013
Listed
Jul 6, 2013
Currency Exchange Loss:
Possible
Ended:
Mar 17, 2014