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Benkadi Group
In this Group: Catherine , Korotoumou , Mariam , Sali
The four women of the Benkadi Group are all married and live in monogamous families. They have an average age of 24 years and an average of two children. They live together in the Missira district in Ségou (the fourth administrative region of Mali). They know one another through ties of commerce, kinship and marriage. The members of the group are merchants of pagnes (traditional West African dyed cloth), shoes, and cosmetics. In order to increase their business capital, the members have collaborated with Soro Yiriwaso and are on their first group loan.

Catherine (shown in the photo standing on the far right) is known in the Missira district for the quality of pagnes she sells. She plans to use the loan to purchase several pagnes from wholesalers with the goal of reselling them for cash on the spot. With this loan, Catherine hopes to earn an average monthly income of 20,000 FCFA. She plans to use her earnings to reinvest in her business, to pay for household necessities, and to pay for the health care costs of her children.
View original language description ↓
Les quatre femmes du groupe Benkadi sont toutes mariées et vivent dans des familles monogamiques. Elles ont en moyenne 24 ans et 2 enfants. Elles habitent ensemble dans le quartier de Missira à Ségou (4ème Région administrative du Mali). Elles se sont connues à travers leur activité, des liens de parenté et de mariage. Les membres du groupe font le petit commerce de pagnes (wax, real, hollandais), des chaussures, et des produits cosmétiques. Dans le but d’augmenter leurs fonds de commerce, les membres du groupe ont intégré Soro Yiriwaso et sont à leur 1ème cycle de prêt solidaire.
Madame Catherine (la 1ere femme debout de la droite vers la gauche dans la photo) est connue dans le quartier de Missira par sa qualité de vendeuse de pagnes (real wax, hollandais etc.) Elle compte utiliser son prêt dans l’achat de plusieurs pièces de pagnes auprès des grossistes dans le but de les revendre au comptant sur place. Madame Catherine espère réaliser avec ce prêt un bénéfice mensuel moyen de 20.000FCFA qui sera réinvesti dans l’activité et prendre en charge les besoins du foyer et frais de santé 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

  • $1,100
    Average annual income
  • 33
    View loans »
    Mali Loans Fundraising
  • $11,450,075
    Funds lent in using Kiva
  • 491.1
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Benkadi Group's $425 loan helped a member to purchase pagnes (traditional West African dyed cloth).
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 11, 2013
Listed
Jun 14, 2013
Currency Exchange Loss:
Possible
Ended:
Dec 17, 2013