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Benkadi Group
In this Group: Bayta , Tata , Awa , Assan , Oumou , Sitan , Adiaratou , Alimatou , Assan , Koro
The ten members of the Benkadi group are mostly married women living in monogamous families, who are on average 38 years old with six children. They all live in the Hamdallaye neighborhood of Ségou (fourth administrative region of Mali) and became acquainted through kinship, marriage and their income-generating activities at Ségou's Castle market.

Group members retail grilled peanuts, tubers (sebenikou roots ), grains (rice and cowpeas), cosmetics (soaps, body milk and lip balm) and pagne wax (colorful West-African fabric).

In order to increase their business assets, the group decided to work with Soro Yiriwaso and are on their second joint credit loan.

Mrs. Bayt (the light-skinned woman sitting in the second position on the photo from left to right) is a major retailer of all kinds of beauty products at the Castle Ségou market.

She plans to use her loan to buy five boxes of skin cream tubes, a hundred lip balm tubes and two cartons of soap. She gets her cosmetic supplies from Ségou's great market and sometimes from Bamako. She retails for cash and credit, from her home and at the Castle market, to a predominantly female clientèle.

Mrs. Bayt expects this loan will enable her to attain average monthly profits of 22,000 FCFA she will use to reinvest in the business and take care of household needs.

Her purpose is the same as that of the other group members: to sustain her business in partnership with Soro Yiriwaso.
View original language description ↓
Les dix membres du groupe Benkadi sont des femmes mariées majoritairement dans des familles monogames avec en moyenne 38 ans et 6 enfants. Elles habitent toutes dans le quartier Hamdallaye de Ségou (4ème Région administrative du Mali) et se sont connues à travers des liens de parenté, de mariage et de leurs activités génératrices de revenu au marché Château de Ségou.
Les membres du groupe font l’achat et la vente des coques d’arachide grillés, tubercules (racines de sebenikou), grains (riz et niébé), produits cosmétiques (savons, crèmes à lèvres et à peau) et pagnes wax.
Dans le but d’augmenter leurs fonds de commerce, les membres du groupe ont décidé de collaborer avec Soro Yiriwaso et sont à leur 2ème prêt solidaire.
Madame Bayta (femme au teint clair assise en 2ème position sur la photo de la gauche vers la droite) est une grande vendeuse de produits de beauté de toutes sortes au marché Château de Ségou.
Elle compte utiliser son prêt pour acheter cinq cartons de tubes de crème à peau, une centaine de crème à lèvre et deux cartons de savon. Elle se ravitaille en produits cosmétiques au grand marché de Ségou et parfois à Bamako. Elle effectue sa vente au comptant, à détail et à crédit, à domicile et au marché Château, à une clientèle composée majoritairement de femmes.
Madame Bayta compte réaliser avec ce prêt un bénéfice mensuel moyen de 22 000FCFA qui sera utilisé pour être réinvesti dans l’activité et prendre en charge les besoins du foyer.
Elle a pour objectif à l’instar des autres membres du groupe de pérenniser son petit commerce dans ce partenariat avec Soro Yiriwaso.

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
  • $9,921,450
    Funds lent in using Kiva
  • 492.8
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Benkadi Group's $1,525 loan helped a member buy cosmetics.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 16, 2011
Listed
Nov 26, 2011
Currency Exchange Loss:
Possible
Ended:
Jun 15, 2012