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Benkadi Group
In this Group: Diatou , Minata , Awa , Safiatou, Alima, Rokia , Marietou , Fatoumata , Fatoma
Benkadi is a group of nine women, all married and living in traditional extended polygamous families, with their brothers, sisters, co-spouses, children and husbands. They are on the average 32 years old, with four children. They live in Heremakono-Nord, Bougoni Preferecture (the third administrative region of Mali). They know each other through business and family links and work selling various items.

In order to better meet the increasing customer demand, they have decided to join the loan program of the microfinance institution Soro Yirwaso. They are on their fourth group loan, having duly repaid three prior loans. With this loan, Diatou S. plans to purchase bags of charcoal from farmers in the villages surrounding Bougoni. She sells retail, for cash and on credit to a customer base composed of both men and women. With this loan, she plans to achieve a monthly income of 40,000 West African Francs, a part of which will be used for the business and the other for [her] children’s education costs.
View original language description ↓
Benkadi est un regroupement de neuf femmes toutes mariées dans des familles conjugales traditionnelles élargies avec leurs frères, sœurs, co-épouses, enfants et époux. Elles ont une moyenne d’âge de 32 ans et de 4 enfants et résident à Heremakono-Nord, préfecture de BOUGOUNI, (troisième région administrative de la république du Mali). Elles se sont connues par des relations de commerce, de parenté et excellent le commerce d’articles divers
Dans le souci de satisfaire leurs clientèles de plus en plus nombreuses, elles ont décidé d’adhérer au programme crédit de l’institution de microfinance Soro Yiriwaso. Elles sont à leur quatrième prêt de groupe, les prêts trois précédents ont été correctement remboursés.
Avec ce prêt DIATOU S., compte acheter des sacs de charbon de bois auprès des paysans des villages environnants de BOUGOUNI. Elle effectue sa vente, en détail, au comptant et à crédit à une clientèle composée d’hommes et de femmes.
Avec ce prêt elle envisage réaliser un bénéfice mensuel de 40.000 FCFA dont une partie sera utilisé dans l’activité et l’autre partie dans les frais d’éducation de leurs enfants.

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
  • 154
    View loans »
    Mali Loans Fundraising
  • $11,272,850
    Funds lent in using Kiva
  • 495.3
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Benkadi Group's $925 loan helped a member purchasing charcoal.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 8, 2010
Listed
Dec 10, 2010
Currency Exchange Loss:
Possible
Ended:
May 15, 2011