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Benkadi Group
In this Group: Adiara, Mariam, Kemissa, Balakissa, Ramata, Raboua
The Benkadi group is made up of six women, all married, with an average age of 37 year and four children. They live in nuclear families in the area of Massablacoura in the town of Bougouni.

They met each other through bonds of neighborhood, friendship, and business. To bolster their financial capacity so as to better run their businesses, they joined the microfinance institution Soro Yiriwaso with whom they are on their second loan. The preceding loan was fully reimbursed. This group of women sells condiments, as does Raboua who is the first woman in the photo from right to left. She intends to use her loan to buy various quantities of condiments from the wholesalers in Bougouni. She makes her sales at the market and out of her home, retail and for cash or credit, to a mixed clientele.
She is planning on making an average monthly profit of 40,000Francs CFA, which will be invested in her activity and used to reimburse the loan.
View original language description ↓
Le groupe BENKADI est constitué de 6 femmes toutes mariées ayant une moyenne d’âge de 37ans et 4 enfants. Elles vivent dans des familles nucléaires dans le quartier MASSABLACOURA de la ville de Bougouni.
Elles se sont connues à travers des liens de voisinage, d’amitié et de commerce. Pour renforcer leur capacité financière afin de mieux faire leur commerce, elles ont adhéré à l’institution de microfinance Soro Yiriwaso avec laquelle elles sont à leur 2ème prêt. Le précédent prêt a été correctement remboursé. Ce groupe de femmes fait le commerce de condiments à l’image de RABOUA qui est la 1ére femme debout dans la photo de la droite vers la gauche. Elle compte acheter avec son prêt, diverses quantités de condiments avec les grossistes de Bougouni. Elle effectue ses ventes au marché et à domicile, en détail au comptant et à crédit à une clientèle mixte .
Elle envisage réaliser un bénéfice mensuel moyen de 40.000FCFA qui sera investi dans les activités et rembourser le prêt.

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
  • 16
    View loans »
    Mali Loans Fundraising
  • $10,738,725
    Funds lent in using Kiva
  • 479.4
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Benkadi Group's $1,900 loan helped a member to buy condiments.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 6, 2014
Listed
Jan 27, 2014
Currency Exchange Loss:
Possible
Ended:
Jul 18, 2014