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Benkadi Group
In this Group: Fatoumata , Assan , Mala , Tata , Rokiatou , Ba
The six members of the group BENKADI are married women averaging 38 years of age and three children each living for the most part in polygamous families in BOUGOULA VILLE, a district in Sikasso City. The women are on their ninth loan with the microfinance institution Soro Yiriwaso to satisfy the needs of their customers. The past loans were indeed paid back.

ASSAN, who is second from the left in the photo, buys and sells fruit in this group of women. She intends to use her loan to purchase 10 baskets of bananas that she will resell at the big market of Sikasso City. She gets her supplies from the villages surrounding Sikasso and often from the Loulouni market. She makes her sales retail and for cash to a customer base composed of men and women at the market and at home.

She envisions making an average monthly profit of 55,500 francs CFA. Part of the profits is used for paying the loan interest, and the other part is for her savings. Her ambition is to increase her sales, so as to do better in satisfying her ever-growing customer base.
View original language description ↓
Les six membres du groupe BENKADI sont des femmes mariées ayant une moyenne d’âge de 38 ans, 3 enfants et vivant la plupart dans des familles polygamiques à BOUGOULA VILLE, un des quartiers de la ville de Sikasso..
Elles sont à leur neuvième prêt avec l’institution de microfinance Soro Yiriwaso afin de satisfaire le besoin de leur clientèle et les prêts passés ont été bien remboursés.
ASSAN, 2 eme de la gauche vers la droite, fait l’achat vente des fruits dans ce groupe de femmes BENKADI.
Elle compte acheter avec son prêt, 10 paniers de régimes de bananes qu’elle revendra au grand marché de la ville de Sikasso. Elle s’approvisionne dans les villages avoisinants Sikasso ville et souvent au marché de Loulouni.
Elle revend en détail au marché et en famille à une clientèle composée d’hommes et de femmes, au comptant.
Elle envisage réaliser un bénéfice mensuel moyen de 55.500FCFA dont une partie est utilisée pour le prêt et son intérêt et l’autre pour son épargne.
Elle ambitionne d’augmenter son chiffre d’affaire pour mieux satisfaire sa clientèle qui ne cesse de croître.

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
  • 159
    View loans »
    Mali Loans Fundraising
  • $11,265,850
    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 $1,800 loan helped a member to purchase fruit.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 12, 2012
Listed
Nov 27, 2012
Currency Exchange Loss:
Possible
Ended:
May 17, 2013