Total loan: $1,075
Benkadi 1 Group
Kouorobarrage, , Mali / Agriculture
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A loan helped to buy fertilizers and herbicides, and to cover the cost of plowing.
Benkadi 1 Group's story
The ten members of the group BENKADI 1 are married women who average 43 years of age and 4 children each. Most of them live in traditional families in KOUOROBARAGE, a village located in the commune of the KOUORO in the SIKASSO circle, 3rd administrative region of Mali. They joined the microfinance institution Soro Yiriwaso to sustain their farming activities during the rainy season, and this is their 4th loan cycle with the MFI. All past loans were correctly repaid. Mrs. CHATA grows rice. She is the member standing in the center in the group photo. She will use her loan to buy three 50-kg sacks of fertilizer and two jugs of herbicide, and to pay for the plowing needed to maintain 0.5 hectare of farmland. After the harvest the crops will be sold in the village, in Sikasso, cash or credit, to a clientele consisting of both men and women. Chata expects to earn an average profit of 98,000 FCFA per season, which she will use to repay her loan and its interest, and to help her husband with day-to-day expenses.