Check out some available loans that are similar to this one!
Benkadi Group
In this Group: Mariam , Awa , Dongui , Rokia
The four members of the BENKADI group are married women with an average age of 34 and on average 4 children. Most of them live in monogamous families in Lafiabougou - one of the urban districts of Sikasso (the third largest administrative region of Mali). They are seeking their second loan with the Soro Yiriwaso microfinance institution, in order to satisfy their customers' demand. The previous loan was fully repaid. AWA - standing second on the left in the photo - is a spice trader in the BENKADI group of women. With this loan, she intends to purchase: 2 baskets of cauliflower, 1 basket of tomatoes, 1 bag of onions, 1 bag of kitchen salt, 1 basket of fish (dried and smoked), half a basket of pepper, 1 bag of okra ('gombo') and 1 box of Maggi cubes. She buys her supplies from wholesalers in the Grand Marché in Sikasso town.
She retails them from a fixed stall at the market, and through her family connections, to a customer base made up of men and women - for cash. She expects to make a monthly profit of 22,250 CFA - a part of which will be used to repay the loan plus interest, and the rest for her savings.
View original language description ↓
Les quatre membres du groupe BENKADI sont des femmes mariées avec une moyenne d’âge de 34 ans et en moyenne 4 enfants. Elles vivent la plupart dans des familles monogames à Lafiabougou un des quartiers populaires de la ville de Sikasso (3ème région administrative du Mali).
Elles sont à leur deuxième prêt avec l’institution de microfinance Soro Yiriwaso afin de satisfaire le besoin de leur clientèle. Le prêt antérieur a été correctement remboursé.
AWA debout 2ème à gauche sur la photo fait le commerce de condiments à dans ce groupe de femmes BENKADI.
Elle compte acheter avec son prêt : 2 paniers de choux, 1 panier de tomates, 1 sac d’oignons, 1 sac de sel de cuisine, 1 panier de poisson (séché et fumé), ½ panier poivre, 1 sac de gombo et 1 carton de cube magie. Elle s’approvisionne au grand marché de Sikasso ville chez les grossistes.
Elle les revend à une place fixe au marché et en famille à une clientèle composée d’hommes et de femmes au comptant.
Elle envisage réaliser un bénéfice mensuel moyen de 22.250FCFA dont une partie est utilisée pour payer le prêt et son interêt et l’autre pour son épargne.

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
  • 9
    View loans »
    Mali Loans Fundraising
  • $10,386,300
    Funds lent in using Kiva
  • 518.5
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Benkadi Group's $600 loan helped a member to purchase spices.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 4, 2012
Listed
Jan 16, 2012
Currency Exchange Loss:
Possible
Ended:
Jul 15, 2012