Funded

Total loan: $1,600
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Benkadi 1 Group

Mali
Sirakele, Mali / Farming

A loan of $1,600 helped a member to pay labour costs and buy agricultural inputs, small equipment and seeds.


Benkadi 1 Group's story

The 10 members of the Benkadi 1 group are married women with an average age of 34, on average 4 children, and who all live in traditional family settings in Sirakele, one of the villages in Koutiala, the 3rd administrative region of Mali. They are collaborating with the Soro Yiriwaso microfinance institution in order to be able to carry out their farming activities during the rainy season. This is their 7th loan with the institution. The previous loans have been correctly repaid.

Djeneba, standing second from the left in the picture, farms groundnuts and corn. She plans to use her loan to buy agricultural inputs, seeds and small agricultural equipment, and to pay the labour costs for the cultivation of one hectare of farmland. After the harvest, the produce will be sold in her village and at the Koutiala market, to a clientele composed of men and women. She expects to make an average profit of 165 000 francs per crop cycle. This profit will allow her to repay her loan and to support her husband with the daily living expenses.

In this group: Bintou , Djenebou , Mamine , Fatounata Solomane , Djeneba , Fatounata , Hawa, Setou, Karia , Djeneba
*not pictured

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Loan details

Loan length:

10 months
Repayment schedule: At end of term
Disbursed date: June 22, 2012
Facilitated by Field Partner: Soro Yiriwaso, a partner of Save the Children

Lenders and lending teams



Loan details

Loan length:

10 months
Repayment schedule: At end of term
Disbursed date: June 22, 2012
Facilitated by Field Partner: Soro Yiriwaso, a partner of Save the Children