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Benkadi Group
In this Group: Kadia , Alimata , Mariam , Sitan , Djénéba , Hawa , Ba Yah , Minata , Sitan , Maman
The ten women of the group Benkadi all live in polygamous families, and they average 41 years of age and four children each. All the women live in the village of Bounou, in Région de Ségou (4th administrative region of the Republic of Mali). They know one another through ties of community, kinship, marriage, and their revenue-generating businesses in the village. They have small-scale businesses involving flour, clothing, condiments, and food service.

With the goal of increasing their business capital, the group members decided to collaborate with the microfinance institution Soro Yiriwaso and are now on their third solidarity loan cycle.

Ms. Hawa (first woman sitting from the left in the photo) is a major vendor of pâté and of sweetened flour in and around the village of Bounou. She intends to use her loan to purchase a sack of flour to meet the customer demand. Sales are made to a mixed customer base paying with cash and often on credit.

With this loan, Ms. Hawa hopes to make an average monthly profit of 16,000 francs CFA that will be used to cover her children's schooling costs and to increase her capital.
View original language description ↓
Les dix femmes du groupe Benkadi vivent toutes dans des familles polygamiques. Elles ont en moyenne 41 ans et 4 enfants. Elles habitent toutes dans le village de Bounou dans la région de Ségou (4ème Région administrative de la Républiques du Mali).
Elles se sont connues à travers des liens de voisinage, de parenté, mariage et de leurs activités génératrices de revenu dans le village. Elles font le petit commerce de farine, d’habillement, de condiment et la restauration. Dans le but d’augmenter leurs fonds de commerce, les membres du groupe ont décidé de collaborer avec Soro Yiriwaso et sont à leur 3éme cycle du prêt solidaire.
Madame Hawa (1ére femme assise de la gauche vers la droite dans la photo) est une grande vendeuse de pâté et de la farine sucrée dans le village de Bounou et ses environnants. Elle compte utiliser son prêt pour acheter un sac de farine pour satisfaire la demande de sa clientèle. La vente se fait au comptant et souvent à crédit à une clientèle mixte.
Madame Hawa espère réaliser un bénéfice mensuel moyen de 16 000 FCFA avec ce prêt, qui sera utilisé pour des frais de scolarisation de ses enfants 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
  • 34
    View loans »
    Mali Loans Fundraising
  • $10,780,200
    Funds lent in using Kiva
  • 471.8
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Benkadi Group's $1,075 loan helped a member to purchase flour.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 5, 2014
Listed
Mar 18, 2014
Currency Exchange Loss:
Possible
Ended:
Sep 17, 2014