A loan of $1,100 helped a member buying supplies, seeds, and equipment.

Benkadi Ii Group's story

The members of the group BENKADI II are married women from the village of Tiebele Zanguerekan, in San prefecture, Segou region, (4th administrative region of the Republic of Mali). They live in traditional families and average 30 years of age and six children each. They grow peanuts.

Concerned with making their crops profitable, the group members decided to join the loan program of the micro-finance institution Soro Yiriwaso three years ago. After having correctly repaid the two previous loans, they are now on their third farm loan.

Ms. Tene D. intends to use her loan for buying a sufficient quantity of peanut seeds, sundry equipment, and some supplies at the big market of Kimparana city. After the winter, the harvest is stored for a while, so that it gains in value. It is then sold at the big market of Kimparana, as well as at surrounding markets. The produce is sold retail for cash to customers generally from big cities.

After selling her produce, Ms. Tene D. plans on making a profit of 95,000 francs CFA that will be used for repaying the loan interest and covering normal family expenses.

In this group: Mamou, Abi, Minata Madou, Bintou, Sata, Adiaratou, Koro Abou, Mamou, Minata Balla, Tene

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Translated from French by Kiva volunteer Daniel Kuey

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