Total loan: $1,450
Benkadi 4 Group
Guelekoro, , Mali / Agriculture
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Benkadi 4 Group's loan finished fundraising,
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A loan helped to pay for plowing, farm inputs, tools, and seeds.
Benkadi 4 Group's story
The ten members of the group “BENKADI 4” are married women, who average 30 years of age and two children each, all living in traditional families in GUELEKORO, a village in Commune de SAN, Cercle de SAN (4th administrative region of the Republic of Mali). The women are collaborating with the microfinance institution Soro Yiriwaso to carry out their farm work during the rainy season. They are on their fifth loan with the institution. The past loans were indeed paid back. The crops grown are rice and peanuts, as is the case with BAH (the woman sitting second from the left in the photo). With her loan, she intends to purchase farm inputs, seeds, and tools and to pay for plowing to maintain: 2 hectares. After harvest, the produce is sold to men and women customers in the village and in SAN. She plans on making an average profit of 32,000 francs CFA at the end of the planting season. This profit will enable her to pay back her loan and also to help out her husband in covering day-to-day expenses.