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Benkadi Group
In this Group: Yah , Fanta , Korotoumou , Marie , Fatoumata , Djènèba , Mariam , Safi , Nagnouman , Ramata
Benkadi Group is made up of ten married women, who mostly live in polygamous families. They average 36 years of age and 5 children. They all live in Kanadjiguila, a neighborhood in Commune IV, Bamako District (capital of Mali).

They got acquainted through their money-earning businesses at the market in Kanadjiguila. They buy and sell pasta, condiments (tomato concentrate, eggplants, okra, shallots, garlic, Jumbo bouillon cubes, baobab tree fruit powder, bay laurel, oil, etc), cosmetics, earrings, hair clips and necklaces. They also serve food such as attiéké (fermented cassava flour), potatoes and grilled fish, and do sewing.

In order to bolster their working capital, the members of this group decided to work with Kiva's partner, Soro Yiriwaso, from which their are seeking their first group loan.

Mrs. Mariam (first one sitting on the left) has a big reputation as a seller of pasta and tomato concentrate at the market in Kanadjiguila. She intends to user her loan to buy 20 boxes of pasta.

She gets her supplies at the Grand Market in Bamako. She resells for cash and on credit, at her home and at the market in Kanadjiguila, to a clientele comprising mostly women.

With this loan, Mrs. Mariam hopes to turn an average monthly profit of XOF 40'000 (ca US$ 80), to be reinvested in her business.
View original language description ↓
Le groupe Benkadi est constitué de dix femmes mariées majoritairement dans des familles polygamiques. Elles ont en moyenne 36 ans et 5 enfants. Elles habitent toutes dans le quartier de Kanadjiguila en commune IV du district de Bamako (capitale du Mali). Elles se sont connues à travers leurs activités génératrices de revenu au marché de Kanadjiguila. Les membres du groupe font le petit commerce de pâtes alimentaires, de condiments (boîtes de tomates concentrées, aubergine, gombo, échalote, ail, cubes jumbo, poudre de baobab, lauriers, huile, …), des produits cosmétiques, des boucles d’oreilles, barrettes, colliers, de la restauration (attiéké et poissons grillés), de la pomme de terre et de la couture. Dans le but d’augmenter leurs fonds de commerce, les membres du groupe ont décidé de collaborer avec Soro Yiriwaso et sont à leur 1ier cycle de prêt solidaire.
Madame Mariam (la 1ère assise à gauche) a une grande réputation dans la vente des pâtes alimentaires et des boîtes de tomates concentrées dans le marché de Kanadjiguila. Elle compte utiliser son prêt pour acheter 20 cartons de pâtes alimentaires. Elles s’approvisionnent au grand marché de Bamako et la revente se fait au comptant et à crédit à domicile et au marché de Kanadjiguila à une clientèle composée majoritairement de femmes. Madame Mariam espère réaliser avec ce prêt un bénéfice mensuel moyen de 40 000 FCFA, qui sera utilisé, pour être réinvesti dans l’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
  • 40
    View loans »
    Mali Loans Fundraising
  • $10,429,550
    Funds lent in using Kiva
  • 510.7
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Benkadi Group's $1,975 loan helped a member to buy 20 boxes of pasta.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 15, 2013
Listed
May 24, 2013
Currency Exchange Loss:
Possible
Ended:
Nov 17, 2013