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Benkadi Group
In this Group: N’Tenin , Sitan , Nana , Korotoumou , Awa , Korotoumou
The group Benkadi comprises five married women and one widow. They average 30 years of age and three children each and live for the most part in traditional families in the Massablacoura district in Bougouni City. They know one another through ties of community, friendship, and commerce. To bolster their financial capacity, so as to work in commerce better, they joined the microfinance institution Soro Yiriwaso and are now on their second loan. This group of women does commerce in grains, cosmetics, firewood, shoes, clothing, and general merchandise.

N’tenin, who is the group member with papers in hand in the photo, buys and sells clothing. She intends to use her loan to purchase 15 lengths of 'pagnes' (the colorful cloth of western Africa) of different sorts from Bougouni wholesalers. She makes her sales at the market and at home at the retail level. Accepting cash or credit, she sells to a customer base composed of men and women.

She envisions making an average monthly profit of 30,000 francs CFA that will be used to invest in her business and to repay the loan.
View original language description ↓
Le groupe Benkadi est constitué de 5 femmes mariées et d’1 veuve qui ont une moyenne d’âge de 30 ans et 3 enfants. Elles vivent la plupart dans des familles traditionnelles dans le quartier Massablacoura 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 deuxième prêt. Ce groupe de femmes fait le commerce de céréales, de cosmétiques, de bois de chauffe, de chaussures, d’habits et des articles divers.
N’tenin, qui est le membre du groupe papier en main, l’achat vente de d’habits. Elle compte acheter avec son prêt, 15 pièces de pagnes de différentes sortes 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 d’hommes et de femmes.
Elle envisage réaliser un bénéfice mensuel moyen de 30.000FCFA 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
  • 15
    View loans »
    Mali Loans Fundraising
  • $10,173,725
    Funds lent in using Kiva
  • 493.7
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Benkadi Group's $1,225 loan helped a member to purchase clothing.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 27, 2012
Listed
Jan 2, 2013
Currency Exchange Loss:
Possible
Ended:
Jul 17, 2013