Check out some available loans that are similar to this one!
Benkola Group
In this Group: Mariam , Sitan , Ami , Bibatou
The group Benkola is composed of married women who average 46 years of age and five children each. They all live in extended traditional families in Sirifila, a village located in the commune of Massigui, prefecture of Dioîla, region of Koulikoro (2nd administrative region of the republic of Mali). They know one another as neighbors and friends, and through ties of kinship. They sell cereals, condiments and clothing. This is their 20th group loan cycle.

SITAN, sitting first from the left, plans to buy two bags of sorghum, two bags of millet and three bags of maize from village peasants. She will sell the merchandise locally in the village to a clientele consisting of both men and women.

She expects to earn an average monthly profit of 34,000 FCFA which she will use to provide for her family’s needs and to invest in her activity.
Benkola est un groupe composé de femmes mariées, qui ont en moyenne 46 ans, 5 enfants et qui vivent toutes dans des familles traditionnelles élargies dans le village de Sirifila, commune de Massigui, préfecture de Dioîla, Région de Koulikoro (deuxième région administrative de la république du Mali).
Elles se sont connues à travers des liens de parenté, de voisinage et d’amitié. Elles font le commerce de céréales, des condiments et d’habillements.
Les femmes du groupe Benkola sont à leur vingtième prêt solidaire.
La cliente SITAN, première à partir de la gauche dans le rang des assises, compte acheter deux sacs de sorgho, deux sacs de petits mil et trois sacs de maïs avec les paysans du village qu’elle revendra sur place dans le village à une clientèle composée de femmes et d’hommes.
Elle envisage réaliser un bénéfice moyen mensuel de 34 000FCFA qui sera utilisé pour les besoins de la famille et une partie est réinvestie dans l’activité de commerce de céréales.

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
  • 28
    View loans »
    Mali Loans Fundraising
  • $10,282,350
    Funds lent in using Kiva
  • 502.1
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Benkola Group's $800 loan helped a member to buy cereals for resale.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 31, 2013
Listed
Mar 1, 2013
Currency Exchange Loss:
Possible
Ended:
Jul 17, 2013