Funded

Total loan: $1,600
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Benkadi Iii Group

Mali
Nikankan, Mali / Farming

A loan of $1,600 helped a member to buy farm supplies, seeds, and tools.


Benkadi Iii Group's story

BENKADI III is a group in the married women’s association of the village of NIKANKAN, sub-prefecture of KIMPARANA, in the Cercle of San, Region of SÉGOU (4th administrative region of the Republic of Mali). The women live in traditional families, and they average 38 years of age and six children each. The group members grow peanuts. Concerned about making their plantations profitable, they decided to join the loan program of the micro-finance institution Soro Yiriwaso four years ago. After properly repaying the previous loans, they are now on their fourth farm loan.

SITAN, the first one standing in the photo and wearing a white and blue T-shirt, will use her loan to buy a sufficient amount of peanut seeds, sundry supplies and equipment, and some soil amendments for farming. These items will be purchased at the main market of SAN.

Following the off-season, the harvested crops are stocked for a certain time, so that they gain in value, and then are sold for cash at the main markets of MORIBILA and SAN and at surrounding markets. The customers generally come from large cities. After selling their produce, the group members each plan on making a profit of 45,000 to 85,000 francs CFA that will be used to repay the loan interest and to cover typical family expenses.

In this group: Djenebou , Awa Nouhoum , Chata , Kadiatou , Kadiatou , Toboucho , Bintou , Mamine , Sitan Solo, Safiatou
*not pictured

Translator profile picture

Translated from French by Kiva volunteer Daniel Kuey



Loan details

Loan length:

11 months
Repayment schedule: At end of term
Disbursed date: May 12, 2011
Facilitated by Field Partner: Soro Yiriwaso, a partner of Save the Children

Lenders and lending teams



Loan details

Loan length:

11 months
Repayment schedule: At end of term
Disbursed date: May 12, 2011
Facilitated by Field Partner: Soro Yiriwaso, a partner of Save the Children