Check out other loans that are currently fundraising!
Benkan Group
In this Group: Bintou , Fatoumata , Salimata , Salimata , Binta
The Benkan group is a member of the Sanouya de N'tentou association. It is made up of women who met through neighbourhood and family ties. On average they are 34 years old. Married with an average of four children, they have various activities such as the commerce of fruit and vegetables like Binta, who is the second person standing from right to left in the photo. They live in large traditional families in N'tentou in the Kati prefecture (Koulikoro region in the Republic of Mali).
They have been working in small business for several years and are very sought after in the vegetable trade: bananas, cabbage, carrots, pineapple and tomato.
In an attempt to satisfy the increasing needs of their customers, the members of the group decided to join the Soro Yiriwaso credit programme. This is their second solidarity loan.
Binta plans to use her loan to buy 10 kg of bananas and a large quantity of cabbage, carrots, pineapple and tomatoes. She buys her stock locally from wholesalers and sells her merchandise retail at Ouelessebougou, for cash or for credit to a clientele of men and women.
She hopes to make a monthly profit of 15.000FCFA which will enable her to reimburse her loan and reinvest the remainder in her vegetable business.
BENKAN est un groupe de l’association SANOUYA de N’TENTOU. Il regroupe des femmes qui se sont connues à travers des liens de parenté et de voisinage. Elles ont une moyenne d’âge de 34 ans. Mariées avec en moyenne quatre enfants, elles mènent différentes activités telles l’achat vente de fruits et légumes à l’image de BINTA qui est la deuxième personne debout de la droite vers la gauche de la photo. Elles vivent dans des grandes familles traditionnelles à N’TENTOU dans la préfecture de Kati (Région de Koulikoro, République du Mali).
Elles sont dans le petit commerce depuis plusieurs années et sont très sollicitées dans leurs activités d’achat vente de légume : bananes, choux, carotte, ananas et tomate.
Dans le souci de satisfaire le besoin croissant de leurs clientèles, les membres du groupe ont décidé d’intégrer le programme crédit de Soro Yiriwaso. Elles sont à leur deuxième prêt solidaire.
BINTA, compte utiliser son prêt pour acheter 10 kilogramme de banane et une quantité importante de choux, carotte, ananas et tomate. Elle s’approvisionne sur place auprès des grossistes et vend ses articles à OUELESSEBOUGOU, en détail, au comptant et à crédit, à une clientèle composée d’hommes et de femmes.
Elle espère sur un bénéfice mensuel de 15.000FCFA somme qui lui permettra de rembourser le prêt et de réinvestir le reste dans son activité d’achat vente de légumes.

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
  • 30
    View loans »
    Mali Loans Fundraising
  • $9,921,450
    Funds lent in using Kiva
  • 481.3
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Benkan Group's $525 loan helped a member to buy vegetables.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 12, 2014
Listed
Jun 3, 2014
Currency Exchange Loss:
Possible
Ended:
Oct 17, 2014