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Benkadi I Group
In this Group: Korotoumou *, Chata, Mawa , Sali , Ramata, Mariam , Awa , Minata , Mariam , Binta
* not pictured
This group is composed of ten married women, who average 33 years of age and four children each, all living in polygamous families in M’PIAKALA, a village in BOUGOUNI (3rd administrative region of the Republic of Mali). The women are collaborating with the microfinance institution Soro Yiriwaso to carry out their rainy season farm work. They are on their ninth loan with the institution. The past loans were indeed paid back.

Peanuts is the crop grown by KOROTOUMOU, who is the first woman standing from the left. With her loan, she intends to purchase farm inputs and seeds and to pay for plowing to make use of 1 hectare.

After the harvest, the produce is sold to men and women customers in villages and in BOUGOUNI. She plans on making a profit of 100,000 francs CFA per planting. The profit will enable her to pay back the loan and help her husband to cover the day-to-day expenses of their household.
View original language description ↓
Le groupe est constitué de 10 femmes mariées ayant une moyenne d’âge de 33 ans, 4 enfants et vivant toutes dans des familles polygames à M’PIAKALA, un des villages de BOUGOUNI, 3ème région administrative du Mali.
Elles collaborent avec l’institution de microfinance Soro Yiriwaso afin de mener à bien leurs activités agricoles hivernale.
Elles sont à leur 9eme prêt avec l’institution, les prêts passés ont été bien remboursés.
L’arachide est la spéculation cultivée par KOROTOUMOU la 1ere femme debout dela gauche vers la droite.
Avec son prêt, elle compte acheter des intrants, la semence et payer les frais de labour pour exploiter 1 hectare.
La production sera vendue au niveau du village et à BOUGOUNI, après la récolte à une clientèle composée d’hommes et de femmes.
Elle compte réaliser un bénéfice de 100 000FCFA par campagne.
Ce bénéfice lui permettra de rembourser son prêt et d’aider son mari dans les dépenses quotidiennes de leur ménage.

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

  • $1,200
    Average annual income
  • 11
    View loans »
    Mali Loans Fundraising
  • $10,309,100
    Funds lent in using Kiva
  • 494.9
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Benkadi I Group's $1,050 loan helped a member to pay for farm inputs and plowing for planting crops.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Jul 10, 2013
Listed
Jul 30, 2013
Currency Exchange Loss:
Possible
Ended:
Apr 16, 2014