Total loan: $1,100
Benkadi 5 De(Benkadi A Tingolé) Group
Fana , Koulikoro Region, Mali / Agriculture
Benkadi 5 De(Benkadi A Tingolé) Group's loan finished fundraising, but these other borrowers need your support
A loan helped Labor, fertilizer, herbicide, weeding and sundry supplies and equipment.
Benkadi 5 De(Benkadi A Tingolé) Group's story
The ten members who compose the group BENKADI 5 of the association BENKADI A are married women who average 45 years of age and 4 children. The women live for the most part in polygamous families in TINGOLE, the seat of a rural community in FANA subprefecture (2nd administrative region of the Republic of Mali). The group members are collaborating with the micro-finance institution Soro Yiriwaso with the goal of obtaining financial support for carrying out their winter-time work, which revolves around growing sorghum and peanuts. The group is now on its fifth experience with the institution. All the preceding loans were repaid without any problems at all. This new loan will be used to buy fertilizer, herbicide, and minor supplies and equipment and to cover the cost of weeding and labor for maintaining 28 hectares. After harvesting, a portion of their production is consumed at home. The other portion is sold to generally big city customers at the marketplaces of the village of Marka-Coungo and Fana. The group members plan on realizing an average profit of 30,000 francs CFA after the planting campaign.
Translated from French by Dan Kuey, Kiva Volunteer