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Benkadi Group
In this Group: Kadidia Hawoye , Mounessa , Ba Oumou , Fandi
Married and mostly living in monogamist families, the four women of the Benkadi group are on average aged 40 with four children. They all live in Pelengana, the administrative centre of a rural commune in the Segou region (fourth administrative region of Mali). They came to know each other through their business activities at the market in Pelengana. They buy and sell cereals, couscous, shallots and wax fabrics. In order to increase their stock in trade, the members of the group joined Soro Yiriwaso and this is their 10th solidarity loan.
Mrs Ba Oumou (the woman second from right to left in the photo) is a great shallot seller at the Pelengana market. She plans to use her loan to buy 400 kilogrammes of shallots from the producers at the Chateau de Segou market. She prepares them by removing the outer skin, washes them well, and then puts them into a plastic bag before selling them for cash or for credit to a mainly female clientele. With this loan, Mrs Ba Oumou hopes to make an average monthly profit of 32 000 FCFA which she will use to reinvest in her business and to provide for her children.
Mariées majoritairement dans des familles monogamiques avec une moyenne d’âge de 40 ans et 4 enfants, les quatre femmes du groupe Benkadi vivent toutes à Pelengana, chef lieu de commune rurale dans la région de Ségou (4ème région administrative du Mali). Elles se sont connues à travers leurs activités génératrices de revenu au marché de Pelengana. Elles font l’achat et la vente de céréales, couscous, échalotes et pagnes wax. Dans le but d’augmenter leurs fonds de commerce, les membres du groupe ont intégré Soro Yiriwaso et sont à leur 10ème cycle de prêt solidaire.
Madame, Ba Oumou (femme en 2ème position de la droite vers la gauche sur la photo) est une grande vendeuse d’échalotes dans le marché de Pelengana. Elle compte utiliser son prêt pour acheter 400kg d’échalotes avec les productrices au marché château de Ségou. Elle procède par enlever l’enveloppe externe, bien lavés puis mis en sachet plastique avant d’être revendu au comptant ou à crédit à une clientèle composée majoritairement de femmes. Avec ce prêt, Madame Oumou espère réaliser un bénéfice mensuel moyen de 32 000 FCFA qui sera utilisé pour être réinvesti dans l’activité et assurer l’entretien des enfants.

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
  • 24
    View loans »
    Mali Loans Fundraising
  • $9,946,875
    Funds lent in using Kiva
  • 505.0
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Benkadi Group's $600 loan helped a member to buy shallots.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 13, 2013
Listed
Apr 8, 2013
Currency Exchange Loss:
Possible
Ended:
Sep 17, 2013