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Benkan Group
In this Group: Maichatou , Salimata, Bakoro , Assetou , Mamou , Batoma, Marietou
Benkan is a group of women from Hamdallaye who live in large traditional families with their husbands, children, and other relatives. The women average 39 years of age and have least 5 children. This group of women does commerce in a variety of goods, such as clothing, cosmetic products, cloth, firewood, plasticware, and more. To expand their businesses, the group members decided to join the Soro Yiriwaso loan program for the first time.

Maichatou, who is a member of the group Benkan, is the one sitting at the end at the right in the photo. She is a vendor of clothing and fabrics. She intends to use her loan to purchase some clothing, fabrics, and several grades of 'pagnes' (the colorful cloth of western Africa). She procures these items in Koutiala and sells them to a diverse customer base at the house and at the market.

While the other members of the group Benkan plan on making an average profit of 95,000 francs CFA over the course of this loan cycle, Ms. Maichatou plans on making 105,000 francs.

In addition to paying back these loans, the women use part of the revenues to cope with personal expenses and to increase their business capital.
View original language description ↓
Benkan est un regroupement de femmes de Hamdallaye qui vivent dans de grandes familles traditionnelles avec leurs maris, enfants et autres parents. Elles ont en moyenne 39 ans et ont au moins 5 enfants.
Ce groupe de femmes fait le commerce d’articles divers tels que, des Habits, Produits cosmétiques, Tissus, Bois de chauffage, Plastique et divers Pour augmenter la taille de leurs activités, les membres ont décidé d’intégrer le programme crédit de Soro Yiriwaso pour la première fois.
Maichatou qui est un membre du groupe Benkan assise au bout et à droite, est une vendeuse des Habits et tissus. Elle compte utiliser son prêt pour acheter des Habits, de tissus et des pagnes de plusieurs qualités. Elle se procure de ces articles à Koutiala et les vend à la maison et au marché à une clientèle diverse.
Tandis que les autres membres du groupe Benkan comptent réaliser un bénéfice moyen de 95.000CFA chacune au cours de ce cycle Mme Maichatou compte réaliser 105.000FCFA.
En plus du remboursement des prêts, elles utilisent une partie du revenu pour faire face aux dépenses personnelles et augmenter son fonds de commerce.

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
  • 84
    View loans »
    Mali Loans Fundraising
  • $10,910,925
    Funds lent in using Kiva
  • 477.6
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Benkan Group's $750 loan helped a member to purchase clothing.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 19, 2014
Listed
Feb 27, 2014
Currency Exchange Loss:
Possible
Ended:
Sep 17, 2014