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Benkadi Group
In this Group: Raboua , Awa , Fatoumata , Bintou, Assetou
The Benkadi group consists of five married women who average 40 years of age and four children each. They live in traditional families in the Massablacoura district of the city of BOUGOUNI (third administrative region of the Republic of Mali). They know one another as neighbors and through ties of kinship.

They sell cereals, shoes, and clothes. Raboua, seen standing in the photo, sells various display items. Eager to satisfy their customers’ needs and bolster their activities, they joined the microfinance institution Soro Yiriwaso. This is their fifth group loan. All previous loans were repaid without incident.

Raboua will use this loan to buy two bags of sugar and two cartons of cigarettes. She gets her stock in Bougouni and sells the merchandise in Massablacoura at retail, for cash or credit, to a client base composed of both men and women.

With this loan, she plans to earn a monthly profit of 45,000 FCFA, which she will use to repay the loan and reinvest in her business.
Composé de cinq femmes toutes mariées, les membres du groupe Benkadi ont en moyenne 40 ans, 4 enfants et vivent dans des familles traditionnelles dans le quartier Massablacoura dans la ville de BOUGOUNI, (troisième région administrative de la république du Mali).
Elles se sont connues par des liens de parenté et de voisinage.
Dans le souci de satisfaire leurs clientèles et augmenter le niveau de leur activité, elles ont décidé d’intégrer l’institution de microfinance Soro Yiriwaso et cela pour faire le commerce des céréales, chaussures, habits et avec RABOUA pour le commerce d’articles divers d’étalage. C’est la seule debout.
Elles sont à leur cinquième prêt de groupe et les quatre prêts précédents ont été remboursés correctement.
Avec ce prêt RABOUA, compte acheter 2 sacs de sucre et 2 cartons de cigarettes. Elle s’approvisionne à BOUGOUNI et revend sur son étale au quartier Massablacoura de Bougouni en détail, au comptant et à crédit à une clientèle composée d’hommes et de femmes.
Avec ce prêt elle compte réaliser un bénéfice mensuel de 45.000 FCFA dont une partie sera utilisée pour rembourser le prêt et le reste sera réinvesti dans l’entreprise.

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
  • 22
    View loans »
    Mali Loans Fundraising
  • $9,975,475
    Funds lent in using Kiva
  • 462.9
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Benkadi Group's $1,100 loan helped a member to purchase various display items for resale.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 8, 2011
Listed
Oct 1, 2011
Currency Exchange Loss:
Possible
Ended:
Mar 15, 2012