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Benkadi (Entente) Group
In this Group: Mai, Mamou , Mariétou , Noukessa, Fanta , Sali , Fanta Badjan
The members of Benkadi are all married women who, on average, are 37 years old and have 3 children. They live in extended traditional families in the Dougoukoro neighborhood in the city of Yanfolila (one of the prefectures of the third administrative region of the Republic of Mali).
They are linked by bonds of neighborhood and friendship. This groups specializes in selling Wax pagne (a highly prized cloth in Africa) and cereals. They've been partnering with the Soro Yiriwaso institution for two years now and are seeking their fourth solidarity loan (group loan). All previous loans have been repaid without problems. This loan will enable them to buy 40 pieces of Wax pagne from wholesalers in Bamako, as well as 100 kg of cereals from itinerant merchants coming from the surrounding villages.
The pagnes are then cut into "trois pagnes" ("three pagnes", i.e. the amount of fabric needed to make some woman outfits) and retailed for cash in the market and in the various neighborhoods in Yanfolila. The business results in a profit of XOF 1250 (ca US$ 2.40) per piece. The cereals are retailed to a mostly female clientele, for cash and on credit.
The members of the Benkadi group hope to make, each in their speciality, a monthly profit of XOF 50'000 (ca US$ 100) that thy intend to use to repay the loan and help their husbands in providing for the family. The women of this group have the ambition to open cereals shops to broaden their clientele.
View original language description ↓
Les membres de Benkadi sont toutes des femmes mariées ayant en moyenne de 37 ans et 3 enfants et vivant dans des familles traditionnelles élargies dans le quartier Dougoukoro de la ville de Yanfolila (une des préfectures de la troisième région administrative de la république du Mali).
Elles sont unies par les liens de voisinage et d’amitié. Ce groupe s’est spécialisée dans le secteur de la vente des tissus wax(tissus très prisés en Afrique) et des céréales.
Elles sont parténaires avec l’institution SoroYiriwaso depuis maintenat 2 ans et sont à leur quatrième prêt solidaire(prêt de groupe).Tous les prêts précédents ont été correctement remboursés. Ce prêt leur permettra d’acheter, 40 pièces de pagnes wax à Bamako auprès des grossistes du domaine et 1000 kg de céréales auprès de forains venant des villages environnants.
Ces pagnes ainsi achetés sont découpés en “trois pagnes”et vendus au comptant et en détail dans les différents quartiers de Yanfolila et au marché. Ce commerce permet de générer 1250 FCFA de bénéfice par pièce vendue.Quant aux vendeuses de céréales elles revendent au comptant en détail et à crédit à une clientèle composée surtout de femmes.
Les membres de Benkadi espèrent réaliser chacune dans sa spécialité un bénéfice de 50.000 FCFA par mois qu’elles comptent utiliser pour payer les intérêts du prêt et aider les conjoints à subvenir aux dépenses de la famille. Les femmes de ce groupe ambitionnent ouvrir des boutiques et des magasins de vente de céréales afin d’élargir la taille de la clientèle.

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
  • 26
    View loans »
    Mali Loans Fundraising
  • $9,944,875
    Funds lent in using Kiva
  • 516.0
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Benkadi (Entente) Group's $2,050 loan helped a member to buy Wax pagnes (highly prized cloth) and cereals.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 23, 2008
Listed
Dec 1, 2008
Currency Exchange Loss:
Covered
Ended:
May 15, 2009