Check out some available loans that are similar to this one!
Benkola Group
In this Group: Awa , Fanta , Djelika , Yama , Mah , Djinessira , Fatoumata
The Benkola group comprises seven married women who, on average, are 37 years old and have four children each. These women mostly live in traditional families, in Méridièla, one of the villages of the Bougouni Cercle. They know one another through neighborhood, friendship and professional ties. In order to boost their financial capacity and to better run their businesses, they have joined the microfinance institution Soro Yiriwaso, and are on their seventh loan. Their previous loans have been duly repaid.

The women of the Benkola group sell condiments, cups, clothes, tubers, and they also prepare meals. Fatoumata, standing and holding a sheet of paper, buys and sells condiments. She plans to use her loan to buy three bags of dry onions and two baskets of soumbala (a West African condiment) from wholesalers. She sells her merchandise from home, at the Méridièla market and at other markets located in surrounding villages. She sells for cash or on credit, to a retail customer base consisting of men and women.

She is expecting to make average monthly profits of 42,000 CFA francs, which will be reinvested in her business and used to repay her loan.
View original language description ↓
Le groupe Benkola est constitué de 7 femmes toutes mariées ayant une moyenne d’âge de 37 ans et 4 enfants. Elles vivent majoritairement dans des familles traditionnelles à Méridièla, un des villages du cercle de Bougouni.
Elles se sont connues à travers des liens de voisinage, d’amitié et de commerce. Afin de renforcer leurs capacités financières pour de mieux faire leurs commerces, elles ont adhérés à l’institution de microfinance Soro Yiriwaso avec laquelle elles sont à leur septième prêt. Les précédents prêts ont été correctement remboursés. Ce groupe de femmes fait le commerce de condiments, de tasses, de vêtements, des tubercules et de la restauration.
Fatoumata debout papier en main, fait l’achat et la vente de condiments. Elle compte acheter avec son prêt, 3 sacs d’oignon séché et 2 paniers de Sounbala auprès de grossistes. Elle effectue ses ventes au marché de Méridièla, dans les foires des villages environnants 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 42.000FCFA 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
  • 31
    View loans »
    Mali Loans Fundraising
  • $10,282,350
    Funds lent in using Kiva
  • 497.4
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Benkola Group's $1,425 loan helped a member to buy condiments.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 19, 2013
Listed
Feb 25, 2013
Currency Exchange Loss:
Possible
Ended:
Sep 17, 2013