Check out some available loans that are similar to this one!
Benkadi  (L’Entente Est Bonne) Group
In this Group: Rokia , Rokia , Fanta , Moussokoro, Badiallo
The group Benkadi (“Harmony is good”) is composed of five women who are all married. They average 42 years of age and 6 children, and they live in large traditional extended families in the Sogomougou district of the city of Koutiala (Sikasso region, Republic of Mali). These women know one another through community ties and do almost the same work selling fish in all its forms.

In order to satisfy the needs of their ever-increasing number of customers, the group members decided to join the micro-finance institution Soro Yiriwaso and are now on their first solidarity loan (group loan).

With this loan, they intend to buy cases of fresh fish and boxes of smoked and dried fish. Supplies of fish are gotten in the villages of Korientzé and Mopti (fifth region of Mali). The fish is sold at the grand marketplace of Koutiala, at the house, and door-to-door.

The group members each hope to realize an average profit of 65,000 francs CFA in the course of this cycle. The profits will be use to make loan interest payments, to provide for the extended family, and to invest the rest in business. Their ambition is to extend their commerce to the importing of ocean fish from Guinea.
View original language description ↓
Le groupe Benkadi est composé de cinq femmes toutes mariées, elles ont une moyenne d’âge de 42 ans et 6 enfants vivant dans des grandes familles traditionnelles élargies au quartier Sogomougou de la ville de koutiala (région de Sikasso république du Mali).
Elles se sont connues à travers des liens de voisinage et exercent la même activité de vente de poissons sous toutes ses formes.
Afin de satisfaire le besoin de sa clientèle qui ne cesse d’augmenter, le groupe Benkadi a décidé d’intégrer l’institution de microfinance Soro Yiriwaso avec qui il est à son premier prêt solidaire (prêt de groupe). Elles comptent utiliser ce prêt pour acheter des caisses de poissons frais, des cartons de poissons fumés et séchés. Elles s’approvisionnent en poissons dans le village de Korientzé et de Mopti (la cinquième région du Mali). Le poisson est vendu au grand marché de Koutiala à la maison et en ambulant.
Elles espèrent réaliser chacune un bénéfice moyen 65 000 FCFA au cours de ce cycle qui sera utilisé pour payer les intérêts du prêt, subvenir au besoin de la famille élargie et investir le reste dans les activités.
Elles ont pour ambition d’étendre leur commerce à l’importation du poisson de mer de la Guinée..

Additional Information

Important Information

Soro Yiriwaso is a microfinance institution that works primarily in rural and semi-urban areas of Mali to provide underprivileged communities with access to financial services.The organization facilitates access for disadvantaged clients, particularly women, to new resources and services, fostering solidarity and cooperation among its clients. Kiva lenders’ funds will enable Soro Yiriwaso to expand its outreach and target even more underserved Malians involved in business and agriculture.

This is a Group Loan

In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.

Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.

About Mali

  • $1,100
    Average annual income
  • 40
    View loans »
    Mali Loans Fundraising
  • $11,450,100
    Funds lent in using Kiva
  • 491.7
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Benkadi (L’Entente Est Bonne) Group's $525 loan helped a member to buy fish (fresh, smoked, or dried).
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 11, 2009
Listed
May 1, 2009
Currency Exchange Loss:
Covered
Ended:
Oct 15, 2009