A loan of $2,125 helped a member to buy farm supplies, seeds, and tools and to pay for plowing.

Benkadi 1 Group's story

The group BENKADI 1 is composed of married women from the village of MORIBILA KAFONO, in the sub-prefecture of Kimparana, Prefecture of SAN, Region of SÉGOU (4th administrative region of the Republic of Mali). The women live in traditional families, and they average 33 years of age and seven children each. They grow peanuts and sesame.

Concerned about making their plantations profitable, the group members decided to join the loan program of the micro-finance institution Soro Yiriwaso about four years ago. After properly repaying the previous loans, they are now on their fourth farm loan.

KADIA, who is seated in the photo and wearing a white T-shirt, intends to buy some peanut seeds, sundry supplies and equipment, and soil amendments for farming. These items will be purchased at the main market of Kimparana and at surrounding markets. Following the off-season, the harvested crops are stocked for a certain time, so that they gain in value. Then they are sold retail (often wholesale) for cash. Their customers generally come from large cities.

After selling their produce, the group members each plan on making a profit of 75,000 to 90,000 francs CFA that will be used for paying the interest on the loan and for typical family expenses.

In this group: Hawa , Bintou , Minata , Salimata , Fatoumata , Salimata , Fatoumata, Sali , Minata D , Mamine

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Translated from French by Kiva volunteer Daniel Kuey

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