A loan of $775 helped a member to buy agricultural inputs and seeds and pay the cost of labor.

Benkadi 5 Group's story

The five members of the Benkadi 5 group are married women, on the average 31 years of age, with four children. They all live in traditional families in Faraba, a district in the town of Bougouni, the third administrative region of Mali.
They collaborate with the Soro Yiriwaso microfinance institution in order to better ménage their agricultural activities during the rainy season. They are on their seventh loan, and their prior loan have been duly repaid.
They cultivate rice and peanuts, which is what Korotomou does, for example. She is first one seated from the right in the photo. She plans to use her loan to buy agricultural inputs [fertilizers, etc] and seeds and pay the cost of labor to work 1 ha [2.5 acres] of land. After harvesting, she sells her produce at the marketplace, to a customer base composed of both men and women.
She plans to earn 35,000 West African francs at the end of the agricultural season. This revenue will allow her to provide for her own needs as well as help out her family with everyday expenses.

In this group: Korotoumou, Awa, Koumba, Mariam, Djeneba

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Translated from French by Kiva volunteer Katharina S

Loan details

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Loan details