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Benkadi Group
In this Group: Oumou , Bâh , Fanta , Rokia , Achatou Y
The five women in the Benkadi group are married in mainly monogamous families, and have an average age of 40 and an average of four children each. They live in the Bagadadji neighborhood of Ségou (Mali’s fourth-largest administrative region), and know each other as they are neighbors or related to one another, or through their profit-making activities in the Bagadadji market.

The group’s members buy and sell high-grade “pagnes” (traditional wrap-around cloth), fruits, vegetables, artisan products and firewood. To increase their working capital they have decided to collaborate with Soro Yiriwaso, and this is their first group loan.

Bâh (the woman seated on the left in the photo) is a successful seller of artisan products in Bagadadji. She plans to use her loan to buy 100 pottery containers and 50 colanders from the blacksmiths in the village of Togo. She will resell her goods on a cash and credit basis from home and at Bagadadji market in Ségou, and her customers are mainly female.

With this loan Bâh hopes to make an average monthly profit of 20,000 francs CFA. She will use this money to reinvest in her business and provide for her children, and aims to have a wholesale business with the help of Soro Yiriwaso.
View original language description ↓
Les cinq femmes du groupe Benkadi sont mariées majoritairement dans des familles monogamiques avec en moyenne 40 ans et 4 enfants. Elles vivent dans le quartier Bagadadji de Ségou (4ème Région administrative du Mali) et se sont connues à travers des liens de parenté, de voisinage et de leurs activités génératrices de revenu au marché de Bagadadji. Les membres du groupe font l’achat et la vente des pagnes wax, fruits, légumes, produits d’artisanat et du bois de chauffe.
Dans le but d’augmenter leurs fonds de commerce, elles décident de collaborer avec Soro Yiriwaso et sont à leur 1er cycle de prêt solidaire.
Madame Bâh (femme assise à gauche sur la photo) est une grande vendeuse des produits d’artisanat à Bagadadji. Elle compte utiliser son prêt pour acheter 100 canaris et 50 passoires avec les forgeronnes du village de Togo. La revente se fait au comptant et à crédit à domicile et au marché Bagadadji de Ségou à une clientèle composée majoritairement de femmes. Madame Bâh compte réaliser avec ce prêt un bénéfice mensuel moyen de 20.000 FCFA qui sera utilisé, pour être réinvesti dans l’activité et assurer l’entretien de leurs enfants. Elle a pour objectif de devenir grossiste dans son activité avec cette relation de Soro Yiriwaso.

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
  • 42
    View loans »
    Mali Loans Fundraising
  • $10,429,550
    Funds lent in using Kiva
  • 524.0
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Benkadi Group's $500 loan helped a member to buy pottery products.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 12, 2012
Listed
Aug 1, 2012
Currency Exchange Loss:
Possible
Ended:
Dec 15, 2012