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Benkadi Group
In this Group: Kadia , Awa, Amssetou , Afou , Oumou
The five members of the Benkadi group are married women who, on average, are 36 years old and have five children. They mostly live in traditional families in Ouayerma 1, a popular neighborhood in the town of Sikasso, in the third administrative region of Mali. The group is on their fourth loan with the micro-finance institution Soro Yiriwaso, which helps them meet their customers' needs.

Kadia, who is seated first from the left in the photo, make and sells traditional kabakourouni soap. She is highly sought after for the quality of her products.

With this loan, she plans to buy a large quantity of the ingredients to make the soap along with some firewood, which is also needed during the process. She buys the wood in villages surrounding Sikasso.

After she is finished making her soaps, she will sell them at retail from her home and from a market to male and female customers for cash and credit. She hopes to earn an average monthly profit of 30,000 francs CFA, of which a part will be used to pay back a part of the loan and its interest and the other part will be put into savings.
View original language description ↓
Les cinq membres du groupe BENKADI sont des femmes mariées avec une moyenne d’âge de 36 ans, et ont en moyenne 5 enfants. Elles vivent la plupart dans des familles traditionnelles à Ouayerma I un des quartiers populaires de la ville de Sikasso 3ème région administrative du Mali.
Elles sont à leur quatrième prêt solidaire avec l’institution de micro finance Soro Yiriwaso afin de satisfaire le besoin de leur clientèle.
Madame KADIA assise à la première position de la gauche vers la droite sur la photo dans ce groupe des femmes BENKADI, fait la vente des savons kabakourouni.
Elle compte acheter avec son prêt des quantités importantes de matière première plus les bois de chauffe qui seront consommés lors de la fabrication de savon kabakourouni. Elle achète les bois dans les villages environnants de la ville de SIKASSO. Madame KADIA est beaucoup sollicitée de sa clientèle pour la qualité de ses produits. Après la fabrication le produit fini kabakourouni sera vendu en détail sur place et au marché à une clientèle composée d’ homme et de femme au comptant et à crédit.
Elle envisage réaliser un bénéfice mensuel moyen de 30 000 francs CFA dont une partie est utilisée pour payer le prêt et son interêt et l’autre pour son épargne.,

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
  • 28
    View loans »
    Mali Loans Fundraising
  • $10,400,425
    Funds lent in using Kiva
  • 478.7
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Benkadi Group's $800 loan helped a member to buy the ingredients to make traditional kabakourouni soap.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 16, 2014
Listed
May 25, 2014
Currency Exchange Loss:
Possible
Ended:
Oct 17, 2014