Check out some available loans that are similar to this one!
Benkadi Group
In this Group: Bintou, Jeanne Mary, Sali , Briyite, Sitan
BENKADI is a group from the association SIGUIDATON de OUELESSEBOUGOU. It comprises five women who know one another through ties of kinship and community. The women are married mothers, who average 35 years of age and five children each. They have different businesses, such as trading in condiments and clothing, just like BINTOU, who is in the middle of the photo. They live in large traditional families in OUELESSEBOUGOU, in Préfecture de Kati (Région de SIKASSO, Republic of Mali). They have been working in small-scale commerce for several years and are in high demand in their businesses.

Concerned about satisfying the growing needs of their customers, the group members decided to join the Soro Yiriwaso loan program three years ago. They are on their fifth solidarity loan.

BINTOU, who is the group's president, is well-known in OUELESSEBOUGOU and excels at selling clothing. She intends to use her loan to purchase 20 lengths of Wax 'pagnes' (the colorful cloth of western Africa) and damask fabrics. She gets her supplies in Bamako, and she sells her goods retail for cash or on credit to a customer base composed of men and women in OUELESSEBOUGOU. She is hoping for a monthly profit of 20,000 francs CFA enabling her to pay back the loan and reinvest in her business.
View original language description ↓
BENKADI est un groupe de l’association SIGUIDATON de OUELESSEBOUGOU. Il regroupe 5 femmes qui se sont connues à travers des liens de parenté et de voisinage. Elles ont une moyenne d’âge de 35 ans, sont mariées et mères en moyenne de cinq enfants. Elles mènent différentes activités telles l’achat vente de condiments et d’habillements à l’image de BINTOU au milieu de la photo. Elles vivent dans des grandes familles traditionnelles à OUELESSEBOUGOU 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 il y a trois ans. Elles sont à leur cinquième prêt solidaire.
BINTOU, qui est la présidente du groupe et très connue à OUELESSEBOUGOU, excelle dans la vente de d’habillement. Elle compte utiliser son prêt pour acheter, 20 pièces de pagne wax et de bazin. Elle s’approvisionne à Bamako et vend ses articles à OUELESSEBOUGOU, en détail, au comptant et à crédit, à une clientèle composée d’hommes et de femmes. Elle espère sur un bénéfice mensuel de 20.000FCFA somme 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

  • $1,100
    Average annual income
  • 3
    View loans »
    Mali Loans Fundraising
  • $11,596,050
    Funds lent in using Kiva
  • 501.9
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD