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Benkadi Group
In this Group: Fanta , Raki , Adja , Sitan , Kadia
For the most part married in polygamous families, the five women of the group Benkadi average 38 years of age and five children each. They all live in Koutiala prefecture and know one another through ties of community, kinship, and their professional work. The women buy and sell cosmetic products, clothing, pagnes (the colorful cloth of western Africa), beverages, and grains.

With the goal of increasing their business capital, the group members joined the microfinance institution Soro Yiriwaso and are now their eighth solidarity loan after having correctly repaid the seven previous ones.

Ms. Fanta (the first woman seated from right to left in the photo) sells cosmetics. She is in high demand and much appreciated for the quality of her products. She intends to use her loan to buy 3 boxes of creams, 2 boxes of perfumes and deodorants, and a box of nail polishes and gels.

She gets her supplies from local wholesalers. Accepting cash, she make her retail sales out of her house and at the market. Her customer base is composed of men and women.

With this loan, Ms. Fanta hopes to make an average monthly profit 65,000 francs CFA that will be use for reinvesting in her business and meeting certain household needs.
View original language description ↓
Mariées majoritairement dans des familles polygames les 5 femmes du groupe Benkadi ont en moyenne 38 ans et 5 enfants. Elles habitent toutes dans la préfecture de Koutiala et se sont connues à travers des liens de voisinage, de parenté et de leurs activités professionnelles.
Elles font l’achat et la vente de produits cosmétiques, d’habits, de pagnes des boissons et des céréales.
Dans le but d’augmenter leurs fonds de commerce, les membres du groupe ont intégré Soro Yiriwaso et sont à leur 8 eme prêt solidaire, après avoir correctement remboursés les 7 précédents.
Madame, Fanta (première femme assise de la droite vers la gauche sur la photo) fait la vente de produits cosmétiques. Elle est très sollicitée et appréciée pour la qualité de ses produits.
Elle compte utiliser son prêt pour acheter, 3 cartons de crèmes, 2 cartons de parfums et déodorants, 1 carton de vernis et de gels.
Elle s’approvisionne auprès des grossistes de la place et effectue ses ventes à la maison et au marché, essentiellement au comptant et en détail, à une clientèle composée d’hommes et de femmes.
Avec ce prêt, Madame Fanta espère réaliser un bénéfice mensuel moyen de 65.000 FCFA qui sera utilisé pour être réinvesti dans l’activité et prendre en charge certains besoins du foyer.

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

  • $1,100
    Average annual income
  • 14
    View loans »
    Mali Loans Fundraising
  • $11,519,150
    Funds lent in using Kiva
  • 501.2
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD