Check out some available loans that are similar to this one!
Benkan Group
In this Group: Assan , Afou , Maimouna A. , Maimouna
Made up exclusively of four married women, the members of the Benkan group live for the most part in traditional families, and are on average 35 years old and have two children. They all live in the city of Sikasso (3rd administrative region of Mali) and met each other through relatives, neighbors, and marriages. The group members sell cooking utensils, bananas, yams, and condiments. In the goal of increasing their business funds, the group members integrated Soro Yiriwaso and are on their sixth group loan. Mrs. Assan, on the left in the photo, sells tomatoes and Maggi cubes in this group of women. She plans to use her loan to buy two baskets of 50 kg of tomatoes and one box of 20 units of Maggi cubes. She stocks up in Sikasso. The sales are carried out at retail, for cash or credit, at home and at the market to a clientele composed mostly of women. She plans to earn an average monthly profit of 32,500 FCFA, which will be used to reinvest into her business and to help her husband with certain family expenses.
View original language description ↓
Constitué exclusivement de 4 femmes mariées, les membres de groupe BENKAN vivent majoritairement dans des familles traditionnelles avec une moyenne d’âge de 35 ans et 2 enfants. Elles habitent toutes dans la ville de Sikasso (3ème Région administrative du Mali) et se sont connues à travers des liens de parenté, de voisinage et de mariage.
Les membres du groupe font le petit commerce, des ustensiles de cuisines, bananes – ignames et condiments.
Dans le but d’augmenter leurs fonds de commerce, les membres du groupe ont intégrés Soro Yiriwaso et sont à leur 6ème cycle de prêt solidaire.
Mme ASSAN à l’extrême gauche sur la photo fait la vente de tomate et cube maggi dans ce groupe de femme. Elle compte utiliser son prêt pour acheter 2 panier de 50 kg de tomate, 1 carton de 20 unités de cube maggi. Elle s’approvisionne à Sikasso. La vente est effectués en détail, au comptant et à crédit, à domicile et au marché, à une clientèle composée essentiellement de femmes.
Elle compte réaliser avec ce prêt un bénéfice mensuel moyen de 32 500 francs CFA qui sera utilisé, pour être réinvesti dans l’activité et aider son mari dans certaines dépenses familiales.

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
  • 26
    View loans »
    Mali Loans Fundraising
  • $10,386,300
    Funds lent in using Kiva
  • 485.0
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Benkan Group's $825 loan helped a member to buy food products.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 20, 2013
Listed
Dec 17, 2013
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2014