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Benkadi Group
In this Group: Mariam , Sira , Nana , Diadjé , Kadia
The members of the Benkadi group are all married women who are on average 38 years old with an average of 2 children, living in monogamous families in Ouayerma 1, one of the neighborhoods in the city of Sikasso, in the the third administrative area of Mali.
They are working with the Soro Yiriwaso micro finance institution in order to meet the needs of their customers and this is their fifth loan, after correctly repaying the four preceding loans.
They sell seasoning, shoes, peanut butter, perfume, incense, firewood and make local non-alcoholic beverages, etc.
With their new loan, they plan to purchase 6 packages of seasoning, 1 truckload of 10 tons of firewood, 1 dozen perfumes, 2 dozen shoes, 10 kg of ginger, 1 sack of sugar, 8 kg of gueni seeds and magnon to make incense, and 150 kg of peanuts to make peanut butter. They get their supplies in the Sikasso marketplace and in the neighboring villages. They sell in Sikasso out of their homes, either in the markets and near the main roads, or in the neighborhoods in a traveling manner. They sell for cash, retail and on credit to a clientele made up of men and women.
They each envision a monthly profit of 45,500 CFA francs, of which a portion will be used for savings and to meet the needs of the family, and the other portion will be reinvested in their activities.
They plan to have more capital to better satisfy their customers and to build a sales area.
View original language description ↓
Les membres du groupe Benkadi sont des femmes toutes mariées ayant une moyenne d’âge de 38 ans et en moyenne 2 enfants, vivant dans des familles monogames à Ouayerma 1, un des quartiers de la ville de Sikasso, 3ème région administrative du Mali.
Elles collaborent avec l’institution de microfinance Soro Yiriwaso afin de satisfaire le besoin de leur clientèle et sont à leur cinquième prêt de groupe, après avoir bien remboursés les quatre précédents.
Elles font de la vente de condiments alimentaires, de chaussures, de la pâte d’arachide, de parfums, de l’ encens, du bois de chauffe, la fabrication de boissons locales non alcoolisées, etc.
Avec leur nouveau prêt, elles comptent acheter, 6 emballages de condiments alimentaires, 1 chargement de camion 10 tonnes en bois de chauffe, 1 douzaine de parfums, 2 douzaines de chaussures, 10 kg de gingembre, 1sac de sucre, 8 kg de graine guenni et magnon pour préparer de l’encens et 150kg de graine d’arachide pour en faire la pâte d’arachide. Elles s’approvisionnent au grand marché de Sikasso ville et dans les villages avoisinants. Elles vendent à Sikasso ville sur place à la maison, soit dans les marchés et aux abords des artères principales soit de façon ambulante dans les quartiers. Elles vendent au comptant, en détail et à crédit à une clientèle composée d’hommes et de femmes.
Elles envisagent réaliser chacune un bénéfice mensuel de 45.500 FCFA dont une partie servira d’épargne et à subvenir aux besoins de la famille, l’autre partie sera réinvestie dans les activités.
Elles comptent avoir plus de capitaux pour mieux satisfaire leurs clientèles et pouvoir aménager un coin de vente.

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

  • $1,200
    Average annual income
  • 26
    View loans »
    Mali Loans Fundraising
  • $9,921,450
    Funds lent in using Kiva
  • 447.3
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Benkadi Group's $1,125 loan helped a member purchase various items.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 1, 2009
Listed
Oct 1, 2009
Currency Exchange Loss:
Covered
Ended:
Mar 18, 2010