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A loan of $3,550 helped a member to buy farm inputs and some seeds and to cover the cost of plowing.


Benkadi Group's story

The eight members of the group "Benkadi" are married men averaging 45 years of age and six children each living for the most part in nuclear families in Kampogosso, a village in San (4th administrative region of the Republic of Mali). The men are collaborating with the microfinance institution Soro Yiriwaso to carry out their farm work during the rainy season. They are on their third loan with the institution. The past loans have indeed been paid back.

The crop grown is corn. Moustapha, the group's president (the second one standing in the photo with a white beard) intends to use his loan to buy farm inputs and seeds and to cover the cost of plowing for maintaining 2 hectares.

The produce is sold in the village and at the San market after the harvest. The customer base is composed essentially of retailers from large cities, such as Bamako, Mopti, and Ségou.

He expects to make an average profit of 300,000 francs CFA at the end of the planting season. This profit will enable him to repay his loan and also to help the extended family to cover day-to-day expenses.

In this group: Moustapha , Drissa , Fatogoma, Robert , Nicodeme, Bourama Coulibaly , Mamadou, Solomane

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Translated from French by Kiva volunteer Daniel Kuey



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