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Benkadi Group
In this Group: Setou , Adiaratou , Ramata , Odette , Sali , Oumou
The women of the Benkadi Group are an average of 33 years of age, have an average of three children and are all living in traditional extended families in Lafiabougou, one of the districts of the city of San, in the fourth administrative region of the Republic of Mali. These women know one another through ties of kinship and through their businesses selling various goods. After having repaid their prior loans in full, the women of the Benkadi Group are on their sixth group loan.

Sétou, shown in the photo on the far left, intends to use her loan to purchase women's accessories, 20 dolls, 20 children's games, 20 pairs of shoes, and 20 hats. She purchases her goods in Bamako from several wholesalers. She sells her merchandise at retail for cash and often on credit, to a clientele composed of women and men.

Sétou hopes to earn an average monthly income of 26,000 Francs CFA, which she will use to pay for health expenses and school fees, with the remainder to be reinvested into her business.
View original language description ↓
Les femmes du groupe BENKADI ont en moyenne 33 ans, 3 enfants et vivent toutes dans des familles traditionnelles élargies à LAFIABOUGOU l’un des quartiers de la ville de SAN dans la quatrième région administrative de la république du Mali.
Ces femmes se sont connues à travers des liens de parenté et font les activités d’achat et de vente des articles divers.
Après avoir correctement remboursés les prêts précédents, les femmes du groupe BENKADI sont à leur 6 eme prêt solidaire. SETOU 1ère femme debout de la gauche vers la droite sur la photo compte utiliser son prêt pour acheter des parures pour femmes, 20 poupées, 20 jeux pour enfants, 20 paires chaussures et 20 chapeaux.
Elle s’approvisionne à BAMAKO auprès de différents grossistes. Elle effectue ses ventes, à une clientèle composée de femmes et d’hommes en espèce, en détail et souvent à crédit.
Elle envisage réaliser un bénéfice moyen mensuel de 26 000FCFA qui sera utilisé dans les dépenses relatives à la santé, aux frais scolaires et le reste sera réinvesti 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.

Tags

About Mali

  • $1,200
    Average annual income
  • 39
    View loans »
    Mali Loans Fundraising
  • $10,780,200
    Funds lent in using Kiva
  • 476.5
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Benkadi Group's $1,275 loan helped a member to purchase women's accessories, 20 dolls, 20 children's games, 20 pairs of shoes, and 20 hats.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 5, 2013
Listed
Dec 21, 2013
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2014