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Benkadi Iii Group
In this Group: Assetou , Naminata , Mariatou, Wassa , Ouaraba, Minata , Safiatou , Kadiatou , Mariam
The nine members of the group "BENKADI III" of the BENKADI association are married women, who average 35 years of age and three children each, all living in traditional families in MISSANSO, a village in the 3rd administrative region of the Republic of Mali (Sikasso). The women are collaborating with the microfinance institution Soro Yiriwaso to carry out their farm work during the rainy season. They are on their sixth farm loan with the institution. The past loans were indeed paid back.

The crops grown include peanuts, corn, and chili peppers, as is the case with ASSETOU, who is standing second from the left in the photo. With her loan, she intends to purchase fertilizer to maintain 1 hectare. After the harvest, the produce is sold to a customer base composed of men and women in the village and at the market.

She plans on making a profit of 85,000 francs CFA per planting. 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 neuf membres du groupe BENKADI III sont des femmes mariées ayant une moyenne d’âge de 35 ans, 3 enfants et vivant toutes dans des familles traditionnelle à MISSANSO, l’un des villages de la 3ème région administrative du Mali (Sikasso).
Elles collaborent avec l’institution de microfinance Soro Yiriwaso afin de mener à bien leurs activités agricoles pendant l’hivernage.
Elles sont à leur sixième prêt de campagne agricole avec l’institution et tous les prêts passés ont été bien remboursés.
Les spéculations cultivées sont entre autre l’arachide, le mais et le piment.
Avec ASSETOU 2ème personne à gauche sur la photo position débout. Avec son prêt, elle compte acheter des engrais pour entretenir 1 hectare.
La production est vendue au niveau du village et au marché après la récolte à une clientèle composée d’hommes et de femmes.
Elle compte réaliser un bénéfice de 85.000 FCFA 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
  • 40
    View loans »
    Mali Loans Fundraising
  • $11,450,100
    Funds lent in using Kiva
  • 489.9
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Benkadi Iii Group's $400 loan helped a member to purchase farm inputs, such as fertilizer.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Aug 15, 2013
Listed
Aug 30, 2013
Currency Exchange Loss:
Possible
Ended:
Apr 16, 2014