A loan of $550 helped a member to pay for farm inputs, seeds, and sundry supplies and equipment.

Benkadi 5 Group's story

Benkadi 5 is a group composed of married women from the village of DIGAN in the sub-prefecture of OUELESSEBOUGOU, Region of KOULIKORO (2nd administrative region of the Republic of Mali). They live in traditional families and average 42 years of age and five children each. The group members grow peanuts and okra.

Concerned about making their plantations profitable, the group members decided to join the loan program of the micro-finance institution Soro Yiriwaso. They are now on their fifth farm loan.

SALIMAI, who is standing second from the right in the photo, intends to use her loan to buy a sufficient quantity of peanut seeds, sundry supplies and equipment, and some farm inputs at the big market of OUELESSEBOUGOU.

Following the off-season, the harvested crops are stocked for a certain time, so that they gain in value. And then they are sold retail (often in bulk) for cash at the big market of OUELESSEBOUGOU, BAMAKO, and at surrounding markets. The customers come generally from large cities.

After selling the produce, the group members each plan on making a profit of 15,000 to 25,000 francs CFA that will be used for paying the loan interest and for typical family expenses.

In this group: Salimai, Minata, Setou Tidjani, Penin, Siraba, Nagnouma, Sitan, Niele, Bintou, Malado

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Translated from French by Kiva volunteer Daniel Kuey

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