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Benkola Group
In this Group: Chitan , Diarah , Madie , Maïmouna , Kiatou , Mamou
The members of the Benkola group are married women with an average age of 41 and on average 2 children. They live with their husband and children in large traditional families and reside in the neighborhood of Fana Coura, in the town of Fana, sub-prefecture of Fana, Region of Koulikoro, Republic of Mali.



They know each other through their neighborhood and kinship. For the last few years they have been selling various items.



These women work in collaboration with the microfinance institution Soro Yiriwaso in order to continue their moneymaking activity. This is their eleventh group loan; all the previous loans have been fully reimbursed.



With this loan they wish to buy fruits and vegetables and a large quantity of clothing and socks. The fruits and vegetables are bought wholesale from the fret carriers coming from Lomé and leaving for Bamako. The clothing is bought in Bamako, the capital of Mali.



All the items are sold on the market place in Fana to customers made up of women and men.


They are planning for each one to make an average monthly profit of 40,000 CFA. The profits are in part reinvested in the activity and the other part goes to the family’s daily expenses.

View original language description ↓
Les membres du groupe Benkola sont des femmes mariées ayant une moyenne d’âge de 41 ans et 2 enfants. Avec leur mari et enfants elles vivent dans des grandes familles traditionnelles et résident dans le quartier de Fana coura, de la ville de Fana, sous préfecture de Fana Région de KOULIKORO, République du Mali.
Elles se sont connues à travers des liens de voisinage et de parentés. Elles exercent le commerce d’articles divers depuis maintenant quelques années.
Ces femmes collaborent avec l’institution de microfinance Soro Yiriwaso dans le but de pérenniser leurs activités lucratives. Elles sont à leur onzième prêt de groupe et tous les prêts précédents ont été correctement remboursés.
Avec ce prêt elles comptent acheter, des fruits et légumes et une grande quantité d’habillements et de chaussures. Les fruits et légumes sont achetés en gros avec les transporteurs venant de Lomé en partance pour Bamako et quant aux habillements, ils sont achetés à Bamako (capitale du Mali).
Tous les produits sont revendus sur place au marché de Fana à une clientèle composée de femmes et d’hommes.
Elles envisagent réaliser chacune un bénéfice moyen de 40 000F CFA par mois. Les bénéfices sont d’une part réinvestis dans l’activité et d’autre part dans les dépenses quotidiennes de la famille.

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
  • $9,945,750
    Funds lent in using Kiva
  • 436.9
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Benkola Group's $1,375 loan helped a member purchase of various articles.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 23, 2009
Listed
Dec 2, 2009
Currency Exchange Loss:
Covered
Ended:
Jun 15, 2010