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Benkadi Group
In this Group: Madoussou , Minata , Mariam , Dikore
The women of Benkadi group are all married and on average 26-years old with three children. Most live with their immediate marital families. Their homes are in Sokoura-East, one of the neighborhoods of Dioïla (one of the prefectures of Koulikoro, the second-largest administrative region of the Republic of Mali). The women got to know each other through business relationships built around selling clothing, which is their main activity. Intending to strengthen their businesses, the women decided to become part of the microfinance institution Soro Yiriwaso and are now on their fifth loan. All of the previous loans were successfully repaid. They are planning to buy 100 bolts of fabric from Bamako (the Malian capital) from wholesalers. The bolts of fabric will be cut into three sections and sold on credit in Dioïla's market to customers including both men and women. They plan to make a profit of 50,000 Francs CFA from this loan and each one envisions using this money for health and education costs for their children.
View original language description ↓
Les femmes du groupe Benkadi sont toutes mariées avec une moyenne d’age de 26 ans et de 3 enfants. Elles vivent généralement dans de familles conjugales nucléaires. Elles résident à Sokoura-Est l’un des quartiers de la ville de la préfecture de Dioïla (une des préfectures de la deuxième région administrative de la république du Mali, Koulikoro). .
Par des relations de commerce ses femmes se sont connues et font essentiellement de l’habillement comme activité principale.
Dans le souci de fructifier leur activité elles ont décidé d’intégrer l’institution de microfinance Soro Yiriwaso et sont à leur cinquième prêt. Tous les prêts précédents ont été correctement remboursés.
Elles comptent acheter, 100 pièces de pagnes à Bamako (capitale du Mali) auprès des grossistes. Ces pagnes seront découpés en trois pagnes vendus au comptant et à crédit sur le marché de Dioïla à une clientèle composée d’hommes et de femmes.
Elles comptent obtenir avec ce prêt un bénéfice de 50 000 FCFA chacune et se projettent d’utiliser cet intérêt pour les frais de santé et d’éducation des enfants.

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
  • 20
    View loans »
    Mali Loans Fundraising
  • $10,411,675
    Funds lent in using Kiva
  • 497.3
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Benkadi Group's $1,225 loan helped a member purchase of fabric.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 19, 2009
Listed
Feb 1, 2009
Currency Exchange Loss:
Covered
Ended:
Aug 15, 2009