Total loan: $3,150
Benkadi A Group
N'Goloko, , Mali / Agriculture
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Benkadi A Group's loan finished fundraising,
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A loan helped to buy fertiliser and to pay the labourers' wages.
Benkadi A Group's story
The 10 members of the Benkadi A group are married men with an average age of 49 and, on average, 8 children. Most of them live in traditional families in N'Goloko, a village in the Dogoni commune, Sikasso Circle, the third administrative district of Mali. They are working with the microfinance institution Soro Yiriwaso in order to be able to carry out their agricultural activities during the rainy season. This is their 5th loan from the MFI Soro Yiriwaso, and they have properly repaid their previous loans. Seydou, standing on the right of the group of men in the picture, grows maize. He plans to use his loan to buy 8 bags of fertiliser and 10 cans of herbicide, and to pay the labourers needed to cultivate 1 hectare of land. After the harvest the produce is sold for cash or credit in the village and in Sikasso, to a clientèle made up of men and women. He expects to make an average profit of 160 000 francs per crop cycle. This profit will enable him to repay his part of the loan and its interest and to contribute to the family's daily expenses.