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Benkan Group
In this Group: Assa Morike , Mamou , Bintou , Baro , Maimouna , Dero , Bakoro
The Benkan group of the Fotemogoban association is composed of seven married women of San, a town in Ségou Region (fourth administrative region of the Republic of Mali). The members of the Benkan group live in large traditional families. They got acquainted through bonds of community and kinship. They average 45 years of age and have at least 8 children.

The members of this group have a solid experience in the retailing food products and clothing. In 2009, the women of the group decided to join the loan program of Kiva's partner, Soro Yiriwaso. They are now seeking their second solidarity loan (group loan). The group's president, Assa Moriké Touré, intends to use her loan to buy 60 boxes of fresh fish at Talon dam, that she will then bring to Bamako and resell, wholesale and for cash. She will then buy jewelry to resell in San, for cash and on credit. She foresees turning a monthly profit of XOF 25'000 (ca US$ 48), whereas the other members hope to make XOF 23'000 (ca US$ 44). The profits will be used to repay the loan, help their husbands, and bolster their businesses by diversifying the products they sell.
View original language description ↓
Le groupe Benkan de l’association Fotemogoban est composé de 7 femmes mariées de la ville de San, région de Ségou (quatrième région administrative de la république du Mali). Les membres du groupe Benkan vivent dans des grandes familles traditionnelles. Elles se sont connues à travers le voisinage et la parenté. Elles ont en moyenne 45 ans et au moins 8 enfants.
Les membres de ce groupe ont une expérience solide dans le petit commerce qui tourne autour de l’alimentaire et de l’habillement.
Ces femmes du groupe a décidé d’intégrer le programme crédit de Soro Yiriwaso depuis 2009 et sont à leur 2ème prêt solidaire.
La présidente du groupe qui est Assa Moriké Touré compte utiliser son prêt pour acheter, 60 caisses de poisson frais à Talon barrage pour partir revendre à Bamako en gros et en espèce, de retour elle s’approvisionne en bijoux qui seront vendus à San en espèce et à crédit.
Elle envisage obtenir un bénéfice mensuel de 25 000 FCFA et les autres membres du groupe eux espèrent sur un profit de 23 000 FCFA par qui seront utilisé pour rembourser le prêt venir en secours aux conjoints et développer les activités en diversifiant les produits.

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
  • 27
    View loans »
    Mali Loans Fundraising
  • $9,944,875
    Funds lent in using Kiva
  • 506.3
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Benkan Group's $1,050 loan helped a member to buy and resell various food products and clothing.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 21, 2010
Listed
May 7, 2010
Currency Exchange Loss:
Covered
Ended:
Nov 15, 2010