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Benkadi 1 Group
In this Group: Awa, Djeneba , Fatoumata, Natou , Awa , Rokia
The members of the Benkadi1 group are married women, who average 36 years of age with four children each; they all live in polygamous families in Wakoro, in the Kolondieba municipality, one of the prefectures in Mali's third administrative region. They collaborate with the microfinance institution, Soro Yiriwaso, so that they can run their farming activities smoothly during the winter season. They are on their second loan with the institution and the previous loans have been repaid in full.

Awa, who is standing on the far left of the photo, grows groundnut and corn. With her loan, she is planning to buy inputs and seeds as well as to pay for labor to farm 1,5 hectares of land. Once harvested, the produce is sold in Kolondiebla to a customer base made up of men and women. She is expecting to make a profit of 110,000FCFA, which will allow her to repay her loan and also help out her husband with the daily outgoings.
View original language description ↓
Les membres du groupe BENKADI 1 sont des femmes mariées ayant une moyenne d’âge de 36 ans, 4 enfants et vivant toutes dans des familles polygames à WAKORO, commune de KOLONDIEBA, une des préfectures de la 3ème 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 deuxième prêt avec l’institution, les prêts passés ont été bien remboursés. La spéculation cultivée est l’arachide et le mais avec AWA 1ère personne à gauche sur la photo position debout. Avec son prêt, elle compte acheter des intrants, la semence et payer les frais de labours pour exploiter 1,5 hectares. La production est vendue à KOLONDIEBA après la récolte à une clientèle composée d’hommes et de femmes. Elle compte réaliser un bénéfice de 110 000f cfa qui la 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.

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About Mali

  • $1,100
    Average annual income
  • 33
    View loans »
    Mali Loans Fundraising
  • $11,450,100
    Funds lent in using Kiva
  • 491.1
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A portion of Benkadi 1 Group's $500 loan helped a member to buy inputs and seeds and pay for labor for the farming season.
87% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Jul 25, 2014
Listed
Aug 23, 2014
Currency Exchange Loss:
Possible
Ended:
May 2, 2015