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Benkadi Group
In this Group: Awa , Salimata , Sanata , Mama
The four members of the BENKADI group are married women who average 45 years of age and 7 children each. Most of them live in monogamous families in Medine, one of the working-class neighborhoods of the city of Sikasso (third administrative region of Mali).

In order to satisfy the needs of their customers, they have requested their tenth loan with the microfinance institution Soro Yiriwaso. Awa is the member of the BENKADI group who sells tomatoes. In the photo, she is the first woman from the right.

With her loan, she is planning to buy 50 baskets of tomatoes from rural producers. She will resell her goods locally, within her family, for retail and for cash, to a customer base essentially made up of women.

She is expecting average monthly profits to reach 45,000 CFA francs, part of which will be used to pay off her loan and interest, while the rest will be put into savings. Her ambition is to increase her turnover in order to better meet the needs of her customers.
View original language description ↓
Les quatre membres du groupe BENKADI sont de femmes mariées avec une moyenne d’âge de 45 ans, et ont en moyenne 7 enfants. Elles vivent la plupart dans des familles monogamiques au quartier Médine un des quartiers populaire de la ville de Sikasso 3ème région administrative du Mali.
Elles sont à leur dixième prêt avec l’institution de micro finance Soro Yiriwaso afin de satisfaire le besoin de leur clientèle.
AWA fait le commerce de TOMATE dans ce groupe de femmes de BENKADI , elle se tient en première position à partir de la droite.
Elle compte acheter avec son prêt 50 paniers de tomates auprès des paysans producteurs. Elle revendra en détail sur place et en famille à une clientèle composée pour la majeur partie de femmes, au comptant.
Elle envisage réaliser un bénéfice mensuel moyen de 45 000FCFA dont une partie est utilisée pour payer le prêt et son intérêt et l’autre pour son épargne.
Elle ambitionne d’augmenter son chiffre d’affaire pour mieux satisfaire sa clientèle.

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
  • 21
    View loans »
    Mali Loans Fundraising
  • $9,946,875
    Funds lent in using Kiva
  • 505.3
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Benkadi Group's $1,200 loan helped a member to buy tomatoes.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 25, 2012
Listed
Jun 1, 2012
Currency Exchange Loss:
Possible
Ended:
Nov 15, 2012