Funded

Total loan: $1,175
Powered by 44 lenders

Benkadi 3 Group

Mali
Kantela, Mali / Farming

A loan of $1,175 helped a member to buy fertilizers, seeds, herbicide, and small tools, and to pay for plowing and weeding.


Benkadi 3 Group's story

The ten members of the Benkadi 3 group are married women, who average 33 years of age an 2 children. Most of them live in polygamous families in Kantela, one of the villages in the Commune of Massigui, Dioïla Prefecture, Koulikoro Region (second administrative region of Mali).

In order to better organize their business as the rainy season begins, they work with Kiva's partner, the microfinance organization Soro Yiriwaso. Their crops include, among others, rice and peanut. They are seeking their fifth loan from Soro Yiriwaso.

With this new loan, Korotoumou (standing in the middle) intends to buy fertilizers and small tools, and to pay the cost of plowing and weeding to maintain about 0.9 hectare of pearl millet and peanut fields.

After the harvest, the production is sold in Massigui to a clientele comprising both men and women. The members of the group intend to turn an average monthly profit of XOF 50'000 (ca US$ 100) during the season.

In this group: Korotoumou Saïbou , Fatoumata , Awa , Mawon , Minata Salia , Gnassa , Fatoumata , Fanta , Chata Bourama , Djelika Moumine
*not pictured

Translator profile picture

Translated from French by Kiva volunteer Patrick Stadelmann



Loan details

Loan length:

9 months
Repayment schedule: At end of term
Disbursed date: June 6, 2011
Facilitated by Field Partner: Soro Yiriwaso, a partner of Save the Children

Lenders and lending teams



Loan details

Loan length:

9 months
Repayment schedule: At end of term
Disbursed date: June 6, 2011
Facilitated by Field Partner: Soro Yiriwaso, a partner of Save the Children