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Benkadi   1 Group
In this Group: Fanta, Mariam , Mamine, Fanta, Minata , Hawa , Sanata, Djeneba, Minata , Bintou
The ten members of "Benkadi 1" are married women averaging 45 years of age and six children each, all living in traditional families in BOUGOURA, a village in Commune de YANGASSO, Cercle de SAN (4th administrative region of the Republic of Mali). The women are collaborating with the microfinance institution Soro Yiriwaso to carry out their farm work during the rainy season. They are on their fifth loan with the institution. The past loans were indeed paid back.

The crop grown is peanuts, as is the case with DJENEBA, who is the standing first from the left and wearing a pink scarf in the photo. With her loan, she intends to purchase farm inputs, seeds, and sundry equipment and to pay for plowing to maintain 0.5 hectare.

After the harvest, the produce will be sold to men and women customers in villages and in Kimparana. She plans on making a profit of 45,000 francs CFA at the end of the season. This profit will enable her to pay back her loan and also to help her husband to cover day-to-day expenses.
View original language description ↓
Les 10 membres du groupe Benkadi 1 sont des femmes mariées ayant une moyenne d’âge de 45 ans, 6 enfants et vivant toutes dans des familles traditionnelles à BOUGOURA, un des villages de la commune de YANGASSO 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 5 eme prêt avec l’institution, les prêts passés ont été bien remboursés.
La spéculation cultivée est L’arachide avec DJENEBA, 1 ère débout de la gauche vers la droite avec foulard rose 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 45 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
  • 30
    View loans »
    Mali Loans Fundraising
  • $11,391,925
    Funds lent in using Kiva
  • 499.3
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Benkadi 1 Group's $1,525 loan helped a member to pay for plowing, farm inputs, sundry equipment, and seeds.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Jun 26, 2013
Listed
Jul 22, 2013
Currency Exchange Loss:
Possible
Ended:
Mar 17, 2014