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Bendiya Group
In this Group: Hawa, Magnini , Ayèrè , Fanta , Kola , Minata , Fatoumata , Fanta , Neh
The nine women of the group Bendiya are married for the most part in polygamous families and average 39 years of age and three children each. They all live in the village of Dougounikoro, in Barouéli Prefecture (4th administrative region of the Republic of Mali).  The women know one another through ties of marriage, kinship, and profession. 

This group of women does commerce in grains, peanut butter, fresh fish, dried and smoked fish, condiments (sounbala, garlic, and datou), wax pagnes  (colorful West African cloth), incense, soaps, and millet cakes.  Magnini C. is one of the members who sells fish in several of its forms. 

With the goal of increasing their working capital and diversifying the merchandise for sale, the group members decided to collaborate with the micro-finance institution Soro Yiriwaso and are now on their third solidarity loan. 

Magnini plans on using her loan for buying 150 kg of fresh fish from Banankoroni fishermen.  Some of the fish is dried over a period of a week or more in a corner of the courtyard with the use of driers especially designed for this.

Just like the other members of the group, Magnini hopes to make an average monthly profit of 36,000 francs CFA that will be reinvested in their businesses and used for buying young ruminants for livestock farming purposes.
View original language description ↓
Les neuf femmes du groupe Bendiya sont mariées majoritairement dans des familles polygames avec en moyenne 39 ans et 3 enfants. Elles habitent toutes le village de Dougounikoro dans la préfecture de Barouéli (4ème Région administrative du Mali) et se sont connues à travers des liens de mariage, de parenté et professionnels.
Ce groupe de femmes fait le commerce, de grains et de pâte d’arachide, de poisson frais, séché ou fumé, de condiments alimentaires (Sounbala, l’ail et datou), de pagnes wax, d’encens, de savons et des galettes à base de mil.
Magnini C. est un des membres qui exerce le commerce poissons sous plusieurs formes.
Dans le but d’augmenter leurs fonds de commerce et de diversifier les marchandises à vendre, elles ont décidé de collaborer avec Soro Yiriwaso et son à leur 3ème prêt solidaire.
Madame Magnini C. compte utiliser son prêt pour acheter, 150kg de poisson frais avec les pêcheurs de Banankoroni. Une partie du poisson est séchée dans un coin de la cour avec des séchoirs conçus spécialement pour la circonstance pendant une semaine au moins.
Madame Magnini C. à l’instar des autres membres du groupe espère réaliser un bénéfice mensuel moyen de 36 000FCFA qui sera réinvestir dans leurs activités et acheter des petits ruminants pour des fins d’élevage.

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
  • 496.1
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Bendiya Group's $1,825 loan helped a member buying fresh fish.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 14, 2010
Listed
May 4, 2010
Currency Exchange Loss:
Covered
Ended:
Nov 15, 2010