Benkadi (Good Understanding) Group
United by bonds of ethnicity and profession, this group of Bozo women has been in existence for 10 years. They sell fish--fresh, smoked, and dried.
They are on their third group loan with the microfinance institution Soro Yiriwaso, having correctly reimbursed their first two loans.
This new loan will be used to buy 563 kg of fresh fish, 21 blocks of food-grade ice, and 6 cases of smoked fish. They buy their smoked fish in the villages of Mignon and Diado (Macina Prefecture) and their fresh fish in Niono (Dora village) and right in Markala on the banks of the Niger River from the fishermen. As for the ice, they buy it in
Seribala and in Dougabougou. The ice is used to preserve the fresh fish. The fish is sold in Bamako and in Markala itself, for cash and rarely on credit to a clientele composed of women and of men who come from the big cities and who re-sell what they buy.
They each hope to make a monthly average profit of 81.125 FCFA which will be used essentially to expand their businesses. Their ambition is to possess, each of them, a freezer so as to better preserve the fresh fish and thus raise their profit margin.
Elles sont à leur troisième prêt de groupe avec l’institution de microfinance Soro Yiriwaso et cela après avoir correctement remboursé les deux premiers prêts.
Ce nouveau prêt sera utilisé pour acheter, 563 kg de poissons frais, 21 barres de glace alimentaire et 6 cartons de poissons fumés. Elles s’approvisionnent en poissons fumés dans les villages de Mignon et Diado (préfecture de Macina) et en poissons frais à Niono (village de Dora) et sur place à Markala au bord du fleuve Niger auprès des pêcheurs. Pour la glace elle est achetée à Seribala et à Dougabougou. La glace sert à mieux conserver le poisson frais. Les poissons sont vendus à Bamako et sur place à Markala au comptant et rarement à crédit à une clientèle composée de femmes et d’hommes revendeurs venant des grandes villes.
Elles espèrent réaliser chacune un bénéfice moyen mensuel de 81.125 FCFA.qui sera utiliser essentiellement pour agrandir la taille de leur activité. Elles ont pour ambition de posséder chacune un congélateur afin de mieux conserver les poissons frais et augmenter ainsi leur marge bénéficiaire.
Important InformationSoro 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.
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Success!! The loan was 100% repaid