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Aug 28, 2016 11:33 EST

Mali: Benkadi Group – A loan of $2,650 helps a member to purchase livestock to sell later.

iCrowdNewswire - Aug 28, 2016

Benkadi Group

Mali
 
SOUROUTOUNA, Mali / Animal Sales
 
Borrower image
 

Benkadi Group’s story

Mahamed is a livestock farmer of sheep. He is a Malian, 39 years old, married, and the father of two children, aged 2 and 5 years. He is the one holding the ram’s horn in the photo. His wife is a homemaker. He has been in this trade for three years. He gets his supplies of livestock at the markets in town, where he sells too.

He is requesting a loan from RMCR to increase his herd of sheep to fatten, so as to earn more money to cope with family needs (school fees and healthcare).

His dream is to be a major livestock farmers in the area and to be useful to the community.

In this group: Moussa, Idrissa, Siaka, Bakary, Mohamed
*not pictured 

Translator profile picture

Translated from French by Kiva volunteer Daniel Kuey View original language description 

This loan is special because:

It empowers farmers and entrepreneurs in underserved areas in Mali. 

Nadia Costanzo
Kiva staff 

More about this loan

This loan is part of RMCR’s solidarity group loan program. Borrowers who have successfully completed several loan cycles with the community bank program graduate to this one and access slightly larger loans in groups of 2-9 members. Group members are mutually responsible for repayments and can access voluntary savings services. Group members can use loans for any income-generating activity. Common activities are farming, raising livestock and commerce. Terms and payment frequency can vary according to borrowers’ business cycles. By supporting this loan, you’re helping borrowers access credit and support each other through the loan process.

About Réseau de Micro-institutions de Croissance de Revenus (RMCR):

Réseau de Micro-institutions de Croissance de Revenus (RMCR) is an NGO that provides credit to low-income communities in rural Mali. The organization offers community bank loans, from which borrowers can graduate to solidarity groups, and from there to individual loans. RMCR customizes the loans it offers in order to fit the unique business cycles of livestock, farming, and commerce activities.

A loan of $2,650 helps a member to purchase livestock to sell later.

Contact Information:

Benkadi Group

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