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Benkadi Group
In this Group: Sitan , Niangale, Diayiri , Djeneba, Fanta , Rokia , Sali
Benkadi is a group from the Sabougnouma association of Ouelessebougou town. It groups together 7 women who got to know each other thanks to family and neighbourly relationships. They have an average age of 50, are married and have, on average, 4 children. They all have different businesses, such as the buying and selling of condiments, like Sitan, who is standing up in the back row in the picture. They all live in extended, traditional family environments in Ouelessebougou, in the prefecture of Kati (Koulikoro region, Republic of Mali). They have all been small traders for several years and are highly sought after in their line of work. The members of the group decided to join the Soro Yiriwaso loan program 2 years ago, in order to be able to satisfy the growing demands of their customers, and are on their 3rd group loan.

Sitan, who is the group's leader and very well-known in Ouelessebougou, excels in the sale of condiments. She plans to use her loan to buy a large inventory of all sorts of food condiments (peppers, tomatoes, onions, tomato concentrate, cabbage and sumbala, a condiment made from nére seeds). She gets her supplies in Bamako and from the local wholesalers, and sells her condiments to a retail clientèle in Ouelessebougou, for cash or credit to a customer base composed of men and women. She hopes to make a monthly profit of 20 000 francs, an amount which will enable her to repay her loan and to reinvest in her business.
Benkadi est un groupe de l’association Sabougnouma de Ouelessebougou. Il regroupe 7 femmes qui se sont connues à travers des liens de parenté et de voisinage. Elles ont une moyenne d’âge de 50 ans. Mariées avec en moyenne quatre enfants, elles mènent différentes activités telles l’achat vente de condiment à l’image de Sitan qui est debout au milieu rang de derrière. Elles vivent dans des grandes familles traditionnelles à Ouelessebougou dans la préfecture de Kati (Région de Koulikoro, République du Mali). Elles sont dans le petit commerce depuis plusieurs années et sont très sollicitées dans leurs activités.
Dans le souci de satisfaire le besoin croissant de leur clientèle, les membres du groupe ont décidé d’intégrer le programme crédit de Soro Yiriwaso il y a deux ans. Elles sont à leur troisième prêt solidaire.
Sitan, qui est la présidente du groupe et très connue à Ouelessebougou, excelle dans la vente de condiments. Elle compte utiliser son prêt pour acheter un stock important de condiments alimentaires de différentes sortes (poivre, tomate, oignon, concentrée de tomate, choux et le Sounbala.). Elle s’approvisionne à Bamako et sur place auprès des grossistes et vend ses condiments à Ouelessebougou, en détail, au comptant et à crédit, à une clientèle composée d’hommes et de femmes.
Elle espère sur un bénéfice mensuel de 20.000FCFA somme qui lui permettra de rembourser le prêt et de réinvestir dans son activité.

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

  • $1,100
    Average annual income
  • 41
    View loans »
    Mali Loans Fundraising
  • $11,450,100
    Funds lent in using Kiva
  • 481.3
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD