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Benkadi Group
In this Group: Kadia , Chata , Djenebou, Oumou
The Benkadi group is made up of 4 married women with an average age of 30 and, on average, 4 children. They mostly live in nuclear family settings in the Massabla Coura district of Bougouni town. They got to know each other thanks to neighbourly and business relationships, and friendships. In order to strengthen their financial capacity so that they can better do business, the members of the group decided to join the Soro Yiriwaso microfinance institution and are on their 5th loan. The 4 preceeding loans were properly repaid. The women in the group sell items including second-hand clothing and condiments, and some are restaurateurs.

Kadia, the group leader and the woman wearing a yellow scarf on her head, makes and sells food including all sorts of kebabs and sweets. She plans to use her loan to buy 1 bag of wheat flour, 10 kgs of sugar and one can of cooking oil from the wholesalers in Bougouni. She makes her sales at the market and door-to-door to her retail clientèle, made up of men and women, for cash or credit. She expects to make an average monthly profit of 40 000 francs which will be reinvested in her business and used to repay her loan.
Le groupe Benkadi est constitué de quatre femmes toutes mariées ayant une moyenne d’âge de 30 ans et 4 enfants. Elles vivent majoritairement dans des familles nucléaires dans le quartier Massabla coura de la ville de Bougouni.
Elles se sont connues à travers des liens de voisinage, d’amitié et de commerce. Pour renforcer leur capacité financière afin de mieux faire leur commerce, elles ont adhéré à l’institution de microfinance Soro Yiriwaso avec laquelle elles sont à leur cinquième prêt. Les quatre précédents prêts ont été correctement remboursés. Ce groupe de femmes fait le commerce de friperies, de condiments alimentaires et de la restauration..
KADIA, qui est la présidente du groupe et qui a un foulard jaune à la tête, fait la préparation vente d’aliments de toutes sortes brochettes, friandises etc.
Elle compte acheter avec son prêt, 1 sac de farine de blé, 10 kilo de sucre et 1 bidon d’huile alimentaire avec les grossistes de Bougouni. Elle effectue ses ventes au marché et à domicile, en détail au comptant et à crédit à une clientèle composée essentiellement de femmes et d’enfants.
Elle envisage réaliser un bénéfice mensuel moyen de 40.000FCFA qui sera investi dans les activités et rembourser le prêt.

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
  • 154
    View loans »
    Mali Loans Fundraising
  • $11,272,850
    Funds lent in using Kiva
  • 510.7
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Benkadi Group's $1,175 loan helped a member to buy ingredients for her restaurant.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 3, 2012
Listed
Oct 11, 2012
Currency Exchange Loss:
Possible
Ended:
Apr 17, 2013