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Benkadi Group
In this Group: Oumou , Saran , Kadia , Coumba
The 4 women of the Benkadi group are married and mostly live in monogamous households. They have an average age of 38 and, on average, 4 children. They all live in Bamako-Coura, one of the districts of Bamako. They got to know each other thanks to neighbourly relationships and their revenue-generating activities at the Bamako-Coura market. The group members are small retailers of wax fabric clothing, drinks and prepared food. The group members have decided to work with Soro Yiriwaso in order to increase their working capital and are on their second group loan.

Coumba (standing second from the right in the picture) has a good reputation as a seller of wax pagnes (highly colourful and decorative West African clothing). She plans to use her loan to buy 60 pieces of wax pagnes wholesale in Bamako. She makes her sales for cash or credit at the market and on the street to a clientèle mostly made up of women. Thanks to this loan, Coumba hopes to make an average monthly profit of 100 000 francs which she will reinvest in her business and use to take care of the children in her household.
Les quatre femmes du groupe Benkadi sont mariées majoritairement dans des ménages polygamiques. Elles ont en moyenne 38 ans et 4 enfants. Elles habitent toutes dans le quartier de Bamako-Coura l’un des quartiers de Bamako; Elles se sont connues à travers des liens de voisinage et de leurs activités génératrices de revenu au marché de Bamako-Coura. Les membres du groupe font le petit commerce d’habits wax, la boisson et la restauration. Dans le but de se ravitailler au comptant, les membres du groupe ont décidé de collaborer avec Soro Yiriwaso et sont à leur 2ème cycle de prêt solidaire.
Madame Coumba (femme debout en 2ème position de la droite vers la gauche sur la photo) a une grande réputation dans la vente des pagnes wax ; Elle compte utiliser son prêt pour acheter 60 pièces de pagnes wax à Bamako en gros. La revente se fait au comptant et à crédits au marché et en ambulant à une clientèle composée majoritairement de femmes. Madame Coumba espère réaliser avec ce prêt un bénéfice mensuel moyen de 100 000 FCFA qui sera utilisé, pour être réinvesti dans l’activité et assurer l’entretien de mes enfants 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
  • 84
    View loans »
    Mali Loans Fundraising
  • $10,910,925
    Funds lent in using Kiva
  • 479.7
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Benkadi Group's $1,675 loan helped a member to buy wax pagnes.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 8, 2014
Listed
May 26, 2014
Currency Exchange Loss:
Possible
Ended:
Nov 17, 2014