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Benkadi Group
In this Group: Salimata , Rokiatou , Djénébou, Korotoumou
The Benkadi group of the Siguidia Association is made up of married women who are on average 35 years old and have four children. They live in nuclear families with their children and spouses. These women live in Médine, a neighborhood in the city of Bougouni (the third administrative region of Mali). They have known each other through kinship and as neighbors. The women of the Benkadi group sell poultry and second-hand clothes.

Hoping to better satisfy their clientele, which is ever-expanding, they decided to seek support from the Soro Yiriwaso microfinance institution, with whom they are seeking their tenth loan. All their former loans were properly settled.

With this new loan, Salimata T., who is the president of the group, intends to buy 25 guinea hens and 40 chickens from suppliers in the surrounding villages, in order to then sell them individually in the market and from her home for cash and credit to a clientele made up of women and men.

With this loan, Salimata T. hopes to earn monthly profits of 20,000 FCFA which will be used toward health expenses and school fees for the children and the remainder will be reinvested in the business.
View original language description ↓
Le groupe BENKADI de l’association SIGUIDIA est composé des femmes mariées qui ont une moyenne d’âge de 35 ans et 4 enfants. Elles vivent dans des familles nucléaires avec leurs enfants et époux. Ces femmes résident à Médine l’un des quartiers de la ville de BOUGOUNI, (troisième région administrative du Mali). Elles se sont connues à travers des liens de parenté et de voisinage. Les femmes du groupe BENKADI font le commerce de volaille et de la friperie.
Dans l’espoir de mieux satisfaire leurs clientèles qui ne cesse d’accroitre, elles ont décidé de faire recours à l’institution de microfinance Soro Yiriwaso, avec qui, elles sont à leur dixième prêt et tous les précédents furent soldés correctement.
Avec ce nouveau prêt Salimata T. qui est la présidente du groupe, compte acheter, 25 pintades et 40 poulets auprès des fournisseurs dans les villages environnants, pour ensuite faire sa vente au marché et à la maison en détail, au comptant et à crédit à une clientèle composé de femmes et d’hommes.
Avec ce prêt Salimata T. espère réaliser un bénéfice mensuel de 20.000 FCFA qui sera utilisé pour les frais de santé et de scolarisation des enfants et reste réinvesti dans activité.

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
  • $9,944,875
    Funds lent in using Kiva
  • 478.7
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Benkadi Group's $850 loan helped a member buying poultry.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 26, 2011
Listed
Feb 1, 2011
Currency Exchange Loss:
Possible
Ended:
Aug 15, 2011