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Benkadi Group
In this Group: Sanata , Mamou , Sitan , Marama
Married mostly into monogamous households, the members of the Benkadi group are, on average, 50 years old and have eight children. They all live in Djalakorodji, of the neighborhoods in Bamako. They know each other through neighborhood ties and their work at the Djalakorodji market.

The group members work in small-scale commerce selling condiments (onions, macaroni, shallots, Maggi…), groundnut oil, and meat.

In order to increase their business funds, the group members decided to collaborate with Soro Yiriwaso. This is their fourth group loan.

Sanata, the woman standing on the far left in the photo, is a grand seller of condiments (onions, macaroni, shallots, Maggi). She plans to use her loan to buy 10 sacs of shallots, 15 sacs of onions, 15 packets of macaroni, and seven boxes of Maggi cubes at wholesale in Bamako. Sales will be made at retail in Djalakorodji and from traveling around to mostly female customers.

With this loan, Sanata hopes to earn an average monthly profit of 85,000 francs CFA which will be reinvested in her business and used to support her household expenses.
View original language description ↓
Mariées majoritairement dans des ménages monogamiques, les membres du groupe Benkadi ont en moyenne 50 ans et 8 enfants. Elles habitent toutes à Djalakorodji l’un des quartiers de Bamako et se sont connues à travers des liens de voisinage et de leurs activités génératrices de revenu au marché de Djalakorodji. Les membres du groupe font le petit commerce de, condiments (oignons, macaronis, échalotes, Maggi…), huile d’arachides et de la viandes. Dans l’intention d’accroitre leurs fonds de commerce, les membres du groupe ont décidé de collaborer avec Soro Yiriwaso et sont à leur 4ème cycle de prêt solidaire.
Madame Sanata (femme debout à l’extrême gauche sur la photo) est une grande vendeuse de condiments (oignons, macaronis, échalotes, Maggi). Elle compte utiliser son prêt pour acheter 10 sacs d’échalotes, 15 sacs d’oignons, 15 paquets de macaronis et 7cartons de cubes Maggi en gros à Bamako. La revente se fait en détails à Djalakorodji et en ambulant à une clientèle composée majoritairement de femmes. Madame Sanata compte avoir avec ce prêt un bénéfice mensuel moyen de 85 000 FCFA qui sera utilisé, pour être réinvesti dans l’activité et satisfaire les petits besoins du foyer.

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
  • 6
    View loans »
    Mali Loans Fundraising
  • $10,173,725
    Funds lent in using Kiva
  • 473.6
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Benkadi Group's $1,700 loan helped a member to buy condiments.
100% repaid
Repayment Term
5 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 9, 2014
Listed
Apr 19, 2014
Currency Exchange Loss:
Possible
Ended:
Aug 17, 2014