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Fokaben Group
In this Group: Kadiatou , Awa , Bintou , Kadiatou
All married within polygamous families, the four women of the Benkadi Group are on average 42 years old and have six children. They all live in the rural village of Sakoïba in the region of Ségou and know each other through kinship and marriage. The group members sell small goods like mortars, simple gourds which have been carved. In order to strengthen their businesses, the group members decided to partner with Soro Yiriwaso, and are on their 12th group loan.

Madam Awa, second from the left, sells mortars and pestles engraved with beautiful sayings and images, particularly during marriage seasons. She intends to use this loan to purchase 75 plain gourds which will be carved. To do the engraving, she puts needles in the fire for at least one hour. When they turn red, she removes them from the fire then makes her beautiful drawings, according to the tastes of her customers, on the outside of the gourd.

She obtains fresh supplies from the blacksmiths in the nearby villages, and conducts her sales in cash and credit from her home, in the surrounding villages, and in the main market of Ségou, to a mostly female clientele. With this loan, Madam Awa hopes to earn average monthly profits of 30,000FCFA which she will use to reinvest in her business and supply her family with grain.
View original language description ↓
Mariées toutes dans des familles polygames, les quatre femmes du groupe Benkadi ont en moyenne 42 ans et 6 enfants. Elles habitent toutes dans la commune rurale de Sakoïba dans la région de Ségou et se sont connues à travers des liens de parenté et de mariage. Les membres du groupe font le petit commerce de mortiers, calebasses simples et gravées. Dans le but de consolider leurs activités, les membres du groupe ont décidé d’adhérer à Soro Yiriwaso et sont à leur 12ème prêt solidaire.
Madame Awa, 2ème de la gauche vers la droite) fait la vente des mortiers et pilons bien gravés avec de beaux slogans et figures surtout pendant les périodes de mariage. Elle compte utiliser son prêt pour acheter 75 mortiers simples qui seront gravés.
Pour faire de la gravure, on met des aiguilles dans le feu pendant une heure au moins, quand elles rougissent, on l’enlève puis on fait de beaux dessins avec sur la partie externe des mortiers simples en fonction du goût de la clientèle.
Elle se ravitaille en matières premières auprès des forgerons des villages et effectue ses ventes au comptant et à crédit à domicile, dans les villages environnants et au grand marché de Ségou à une clientèle composée majoritairement de femmes. Madame Awa espère réaliser avec ce prêt un bénéfice mensuel moyen de 30 000FCFA qui sera utilisé pour être réinvesti dans l’activité et à l’approvisionnement de la famille en céréales.

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
  • 12
    View loans »
    Mali Loans Fundraising
  • $10,173,725
    Funds lent in using Kiva
  • 499.7
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Fokaben Group's $625 loan helped a member to purchase mortars and pestles.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 24, 2012
Listed
Feb 4, 2012
Currency Exchange Loss:
Possible
Ended:
Aug 15, 2012