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Benkadi Group
In this Group: Mamou , Awa , Awa , Niamé , Fatoumata , Kadiatou , Djènèba , Awa
Most of the women who make up the Benkadi group are married within monogamous households. On average, they are 35 years old and have four children each. They all live in Sabalibougou, a neighborhood located in the fifth commune of Bamako. They know each other through neighborhood and business ties as they are all involved in income-generating activities at the Sabalibougou market. The members of the group are involved in small retail businesses and sell charcoal, children's clothes, condiments, local juices, cosmetic products (skin care creams, earrings) and various other products (sugar, tea, soap etc.)

They have joined Soro Yiriwaso in order to increase their businesses, and this is their first solidarity loan cycle.

Awa, sitting first from the left in the photo, is an important seller of firewood and charcoal in her neighborhood. She plans to use her loan to buy 40 bags of charcoal. She stocks up in villages surrounding Bamako. She resells her goods at the market, for cash or on credit, to a customer base which mostly consists of women.

With this loan, Awa hopes to make an average monthly profit of 50,000 CFA francs which will be reinvested in her business and also used to take care of her family. Like the other members of the group, her goal is to buy a plot of land to build a house.
View original language description ↓
Les femmes du groupe Benkadi sont mariées majoritairement dans des ménages monogames. Elles ont en moyenne 35 ans et 4 enfants. Elles habitent toutes dans le quartier de Sabalibougou en commune V du district de Bamako. Elles se sont connues à travers des liens de voisinage et de leurs activités génératrices de revenu au marché de Sabalibougou. Les membres du groupe font le petit commerce de charbon, de produits cosmétiques (tubes de crème de peaux, boucle d’oreille,etc), d’habits d’enfants, de produits divers (sucre, thé, savon,etc),des condiments et des jus locaux. Dans le but d’augmenter leurs fonds de commerce, les membres du groupe ont décidé de collaborer avec Soro Yiriwaso et sont à leur 1iercycle de prêt solidaire.
Madame Awa (la 1ere femme assise à l’extrême gauche) est une grande renommée dans la vente du bois et du charbon dans le quartier. Elle compte utiliser son prêt pour acheter 40 sacs de charbon de bois. Elle se ravitaille dans les villages environnants de Bamako. La revente se fait au comptant et à crédit au marché à une clientèle composée majoritairement de femmes. Madame Awa espère réaliser avec ce prêt un bénéfice mensuel moyen de 50 000 FCFA, qui sera utilisé, pour être réinvesti dans l’activité et subvenir aux besoins de sa famille. Tout comme les autres membres du groupe, elle a pour objectif d’acheter un lot à usage d’habitation.

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
  • $10,173,725
    Funds lent in using Kiva
  • 494.3
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Benkadi Group's $1,625 loan helped a member to buy charcoal.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 23, 2013
Listed
Jun 24, 2013
Currency Exchange Loss:
Possible
Ended:
Dec 17, 2013