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Benkadi Group
In this Group: Massire, Setou , Koura, Sitan
The BENKADI group is part of the SIGUIKAFO association of Tiélé. It comprises four women who know one another through family and neighborhood ties and whose average age is 25. These women are married and have an average of three children each. They conduct various activities such as buying and selling condiments or preparing meals. Massire, standing, first from the right in the photo, is involved in the preparation of meals. These women live in large extended families in Tiélé, Cercle of Kati (Koulikoro region, republic of Mali).

The members of the group have been involved in small retail business for several years and their products and services are in high demand.

Eager to meet their customers' increasing needs, they decided to join the loan program offered by Soro Yiriwaso. This is their sixth solidarity loan.

Massire is planning to use her loan to buy half a bag of salt, two bags of rice and two baskets of cabbage, fresh tomatoes, onions and eggplants, for the preparation of meals. She buys her supplies in Bamako and Tiélé and sells her food products in Tiélé, for cash and on credit, to a retail customer base consisting of men and women.

She is hoping to make a monthly profit of 25,000 CFA francs, which will allow her to repay her loan and reinvest in her business.
View original language description ↓
BENKADI est un groupe de l’association SIGUIKAFO de TIELE. Il regroupe 4 femmes qui se sont connues à travers des liens de parenté et de voisinage. Elles ont une moyenne d’âge de 25 ans sont mariées et mères de trois enfants. Elles mènent différentes activités telles l’achat vente de condiments et la restauration à l’image de MASSIRE qui est la première personne debout de la droite vers la gauche de la photo. Elles vivent dans des grandes familles traditionnelles à TIELE 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. Elles sont à leur sixième prêt solidaire.
MASSIRE, compte utiliser son prêt pour acheter, ½ sac de sel, 2 sacs de riz et 2 paniers de choux, tomate fraîche, oignons, aubergines à des fins de restauration. Elle s’approvisionne à BAMAKO et TIELE et vend ses aliments à TIELE, en détail, au comptant et à crédit, à une clientèle composée d’hommes et de femmes.
Elle espère sur un bénéfice mensuel de 25.000FCFA 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

  • $1,200
    Average annual income
  • 12
    View loans »
    Mali Loans Fundraising
  • $10,214,000
    Funds lent in using Kiva
  • 505.6
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Benkadi Group's $800 loan helped a member to buy food supplies for the preparation of meals.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 9, 2013
Listed
May 13, 2013
Currency Exchange Loss:
Possible
Ended:
Nov 17, 2013