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Benkan Group
In this Group: Rokia , Tita , Kiatou , Fanta , Balakissa
Made up of five married women, the members of the group Benkan mostly live in traditional families with an average age of 37 years and three children. They all live in the city of Sikasso (3rd administrative region of Mali) and met through family relationships, neighbors, and marriage.
The members of the group do small business in brooms, shoes, shea butter, and pagnes (colorful wax cloth).
With the goal of increasing their working capital, the members of the group joined Soro Yiriwaso and are in their fifth group loan cycle. Madame Fanta (first woman standing at the right of the photo) is the broom seller in the group. She counts on using the loan to buy six packages of brooms.
She stocks up from peasant manufacturers and sells retail, for cash, at home and at the market, to a clientele mostly made up of women.
With this loan, Madame Fanta counts on making a monthly profit of 23,000 francs CFA, which will be used for reinvestment in her business and helping her husband with certain family expenses.
Constitué exclusivement de 5 femmes mariées, les membres de groupe Benkan vivent majoritairement dans des familles traditionnelles avec une moyenne d’âge de 37 ans et 3 enfants. Elles habitent toutes dans la ville de Sikasso (3ème Région administrative du Mali) et se sont connues à travers des liens de parenté, de voisinage et de mariage.
Les membres du groupe font le petit commerce, de balaies, chaussures, de beurre de karité et de pagnes wax.
Dans le but d’augmenter leurs fonds de commerce, les membres du groupe ont intégrés Soro Yiriwaso et sont à leur 5ème cycle de prêt solidaire.
Madame Fanta ( première femme debout à droite sur la photo) est la vendeuse de balaies du groupe. Elle compte utiliser son prêt pour acheter, 6 emballages de balaies.
Elle s’approvisionne auprès des paysans confectionneurs et effectue ses ventes en détail, au comptant, à domicile et au marché, à une clientèle composée essentiellement de femmes.
Madame Fanta compte réaliser avec ce prêt un bénéfice mensuel moyen de 23.000 FCFA qui sera utilisé, pour être réinvesti dans l’activité et aider son mari dans certaines dépenses familiales.

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
  • 24
    View loans »
    Mali Loans Fundraising
  • $9,945,750
    Funds lent in using Kiva
  • 499.0
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Benkan Group's $525 loan helped a member to buy brooms.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 23, 2012
Listed
May 4, 2012
Currency Exchange Loss:
Possible
Ended:
Nov 15, 2012