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Benkadi 4 De Toura Nabitokan Group
Benkadi 4 De Toura Nabitokan Group's loan finished fundraising,
but these similar borrowers just need a little more help to reach their goals!
A loan helped To buy peanut seeds, small materials, and fertilizers for the fields.
Benkadi 4 De Toura Nabitokan Group's story
Eager to make their agricultural businesses profitable, the members of the BENKADI 4 group decided to join the loan program of Kiva's partner, Soro Yiriwaso, two years ago. After having repaid the previous loan without problems, they are now seeking their second farming loan.
This loan will be used to buy, exclusively at the grand market in Kimparana, a sufficient quantity of peanut seeds, small materials, and fertilizers for the fields. After the rainy season, the crops are stored for a while to gain market value, before being sold at the grand market in Kimparara and in the surrounding markets, retail (often wholesale) and for cash, to a clientele usually coming from the larger cities.
After selling their products, the members of the BENKADI 4 group count on turning a profit of XOF 30000 to 20000 (ca US$ 65 to 45) each, to be used to repay the loan and to pay for the daily expenses of their families.
Translated from French by Patrick Stadelmann, Kiva Volunteer