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Benkola Group
In this Group: Mariam , Sitan , Ami , Bibatou
The group Benkola is composed of married women, who average 50 years of age and five children each, all living in traditional extended families in the village of Massigui, in the Sirifila district, Commune de Massigui, Préfecture de Dioîla, Région de Koulikoro (2nd administrative region of the Republic of Mali). The women know one another through ties of kinship, community, and friendship. They do commerce in grains, make clothing by hand, and sell clothing.

The women of the group Benkola are on their 20th solidarity loan, which will be used to purchase grains, fabrics and thread, and clothing.

This client, Mariam, who is standing first from the right in the photo, intends to use her loan to purchase a few meters of cloth and some thread for sewing. She even sews clothing from sketches. This traditional clothing is sold to customers at the market and at her home. She envisions making an average weekly profit of 20,000 francs CFA, which is 80,000 francs a month. This profit will be used to purchase a milk cow, and some will be reinvest in her business.
View original language description ↓
Le groupe Benkola, est composé de femmes mariées, qui ont en moyenne 50 ans, 5 enfants et vivent toutes dans des familles traditionnelles élargies dans le village de Massigui, quartier de Sirifila, commune de Massigui, préfecture de Dioïla, Région de Koulikoro (deuxième région administrative de la république du Mali).
Elles se sont connues à travers des liens de parenté, de voisinage et d’amitié. Elles font le commerce de céréales, de la couture à la main et la vente d’habillements.
Les femmes du groupe Benkola sont à leur vingtième prêt solidaire qui sera utilisé pour acheter des céréales, les tissus et files e des habillements.
La cliente Mariam, la première à droite dans le rang des debout compte acheter avec cet argent quelques mètre de tissus et du file à coudre. Elle même coud en confectionnant des dessins. Ces pagnes seront vendus à ses clientes au marché et à domicile.
Elle envisage réaliser un bénéfice moyen par semaine de 20 000FCFA ce qui fait 80000FCFA par mois. Ce bénéfice sera utilisé pour acheter une vache laitière et une partie sera réinvestie 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
  • 75
    View loans »
    Mali Loans Fundraising
  • $10,874,800
    Funds lent in using Kiva
  • 496.8
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Benkola Group's $1,225 loan helped a member to purchase cloth and thread.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 12, 2013
Listed
Jul 26, 2013
Currency Exchange Loss:
Possible
Ended:
Dec 17, 2013