Check out some available loans that are similar to this one!
Benkan Group
In this Group: Assan , Afou , Maimouna, Maimouna
Composed exclusively of four married women, the members of the group Benkan live for the most part in traditional families, and they average 32 years of age and two children each. The women all live in Sikasso City (3rd administrative region of the Republic of Mali) and know one another through ties of kinship, community, and marriage. The group members have small-scale businesses involving ginger, Wax 'pagnes' (the colorful cloth of western Africa), peanut butter, and incense.

With the goal of increasing their business capital, the group members joined the microfinance institution Soro Yiriwaso and are now on their fourth solidarity loan cycle.

Ms. MAIMOUNA (seated in the middle in the photo) is the seller of Wax 'pagne' cloth in the group. She intends to use her loan to purchase 5 lengths of 'pagne' cloth of different qualities. She gets her supplies from wholesalers. Accepting cash or credit from a mixed customer base, she makes her sales retail at home and at the market.

Ms. MAIMOUNA plans on making an average monthly profit of 25,000 francs CFA that will be used for reinvesting in the business and helping out her husband with certain family expenses.
View original language description ↓
Constitué exclusivement de 4 femmes mariées, les membres de groupe Benkan vivent majoritairement dans des familles traditionnelles avec une moyenne d’âge de 32 ans et 2 enfants. Elles habitent toutes dans la ville de Sikasso (3ème Région administrative du Mali) et se sont connues à travers des liens de parenté, de voisinage et de mariage.
Les membres du groupe font le petit commerce de gingembre, pagnes wax, de pate d’arachide et d’encens.
Dans le but d’augmenter leurs fonds de commerce, les membres du groupe ont intégrés Soro Yiriwaso et sont à leur 4ème cycle de prêt solidaire.
Madame MAIMOUNA (assise au milieu sur la photo) est la vendeuse de pagnes wax du groupe. Elle compte utiliser son prêt pour acheter, 5 pièces de pagnes wax de qualité différente.
Elle s’approvisionne auprès des grossistes et effectue ses ventes en détail, au comptant et à crédit, à domicile et au marché, à une clientèle mixte.
Madame MAIMOUNA compte réaliser avec ce prêt un bénéfice mensuel moyen de 25.000 FCFA qui sera utilisé, pour être réinvesti dans l’activité et aider son mari dans certaines dépenses familiales.

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
  • 23
    View loans »
    Mali Loans Fundraising
  • $9,945,750
    Funds lent in using Kiva
  • 502.3
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Benkan Group's $600 loan helped a member to purchase Wax 'pagne' cloth.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 13, 2013
Listed
Mar 1, 2013
Currency Exchange Loss:
Possible
Ended:
Aug 17, 2013