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Benkadi (L'entente Est Bonne) Group
In this Group: Assanatou, Aya, Aminata, Aminata, Mamou, Fatoumata, Mati, Coumba, Oumou
The Benkadi group is made up of married women, 32 years old with one child on average, and generally living in polygamous households in the neighborhood of Ouayerma II in the city of Sikasso (third largest economic region in Mali).
These women work in the sale of “Wax pagnes” (a very popular fabric in West Africa), second-hand clothing, soaps, sweet potatoes, potatoes, yams, fruits and vegetables and other items.
United through relatives and friends, the women of the group decided to incorporate a loan program through the micro finance institution Soro Yiriwaso with which they are requesting their fourth group loan, all the previous loans having been correctly repaid. With this loan they plan to buy 2 bundles of second-hand clothes, 5 pieces of “wax pagnes,” 30kg of scrap fabrics, 6 boxes of soaps, 10 loads of firewood and some baskets of fruits and vegetables.
In general they get their supplies at the large city market in Sikasso (sometimes in Bamako or Burkina Faso) at official wholesalers and in surrounding areas at local fruit and vegetable producers. Then they travel and sell these items in neighborhood markets with set booths. The sales are mostly paid cash down and sometimes on credit. The clientele is made up primarily of women.
They hope to earn a monthly profit of 22,500 F CFA, which they will use to pay loan interest and invest the remainder in business.
Le groupe Benkadi est composé de femmes mariées vivant en générale dans des foyers polygames avec une moyenne d’âge de 32 ans, 1 enfant et résidant dans le quartier Ouayerma II de la ville de Sikasso (troisième région économique du Mali)
Ces femmes exercent le commerce de pagnes wax (tissus très prisé en Afrique de l’ouest), de friperies, de savons, de patates douces, de pommes de terre, d’ignames, des fruits et légumes et divers autres articles.
Unies par des liens de parenté et d’alliance, les femmes du groupe décidèrent d’intégrer le programme crédit de l’institution de micro finance Soro Yiriwaso avec laquelle elles sont à leur quatrième prêt de groupe et tous les précedents ont été remboursés correctement. Avec ce prêt elles comptent acheter, 2 ballots de friperie, 5 pièces de pagnes wax, 30kg de tissus coupons, 6 cartons de savons, 10 chargements de bois de chauffe et quelques paniers de fruits et légumes.
Elles s’approvisionnent généralement au grand marché de la ville de Sikasso (quelques fois à Bamako et au Burkina Faso ) auprès des grossistes attitrés et dans les localités environantes auprès de paysans producteurs de fruits et légumes. Ensuite elles viennent revendre ces articles dans les quartiers de façon ambulante, dans les marchés avec une place fixe sous des hangars. Les ventes sont en majorité au comptant et quelques fois à crédit. La clientèle est composée essentiellement des femmes .
Elles espèrent réaliser un bénéfice mensuel de 22.500FCFA, lequel sera utilisé pour payer les intêrets du prêt et investir le reste dans les activités.

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
  • 14
    View loans »
    Mali Loans Fundraising
  • $11,512,075
    Funds lent in using Kiva
  • 445.1
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD