A loan of $875 helped a member purchase of input materials, seeds and small tools.

Benkadi Vii Group's story

The members of the Benkadi VII group are married women from the village of Ziekan of San, a region in Ségou (fourth administrative region of the Republic of Mal) who live in traditional families, are 37 years old on average and have at least 7 children. They raise peanuts. In order to make their agricultural business profitable, the members of the Ziekan group decided to join the Soro Yiriwaso loan program three years ago. Having fully paid back their previous two loans, they are on their third farm loan. Nioni K. expects to use her loan to buy a sufficient quantity of peanut seeds, small tools and input materials, exclusively from the large market in Kimparana. After the rainy season, the crops are stored for a time to be valued before being sold at the large market in Kimparana. The sales are made both in M’peresso and in the surrounding market at retail (often at wholesale) for cash to a customer base that generally comes from large cities. After the sale of their agricultural products, the members of the group each expect to make a profit of between 25,000 and 45,000 FCFA which will be used to repay the interest on the loan and for the everyday expenses of the family.

In this group: Araba, Korotoumou, Sanata, Ami, Nioni, Awa, Kadia Ousmane, Fatoumata, Mariam, Fatoumata B

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Translated from French by Kiva volunteer Martha Schmitz

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