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Benkadi (L’Unite) Group
In this Group: Mariam , Kadiatou , Djata, Awa , Fatoumata , Mata , Mariam
Benkadi of the association Kotognontala is a group of seven women of the 2nd district of the city of Koutiala who know one another well. They are married mothers who average 38 years of age and have at least 6 children each. They do different work, selling condiments, pasta, shoes, grains, and clothing at the wholesale level.


To expand their businesses, the group members decided to join the Soro Yiriwaso loan program three years ago. The loan amount has gone from 50,000 francs CFA for the first loan to 125,000 francs for the fourth group loan. All the preceding loans have been correctly repaid.


The current loan will be used to buy sacks of rice, some garlic, big onions from Niono, boxes of macaroni from Ghana and Dakar, and various other goods from Abidjan (capital of Cote d'Ivoire) and from Bamako (capital of Mali). These women sell their goods exclusively at the grand marketplace of Koutiala.


With this new loan, the women intend to realize an average of 130,00 francs of profit in the course of this cycle. Besides repaying loans, they intend to use part of their revenues for covering the children's school costs and for coping with illnesses. In the years to come, they plan to diversify their commerce by embracing other businesses, such as opening a store for selling various good.

View original language description ↓
Benkadi de l’association Kotognontala est un regroupement de sept femmes du deuxième quartier de la ville de Koutiala qui se connaissent bien. Elles ont en moyenne 38 ans, mariées et mères d’au moins 6 enfants. Elles mènent différentes activités, vente en gros de condiments, pâtes alimentaires, chaussures, céréales et habillements..
Pour augmenter la taille de leurs activités, les membres ont décidé d’intégrer le programme crédit de Soro Yiriwaso depuis trois ans. Le montant du prêt est passé de 50.000 FCFA au premier prêt à 125 000 FCFA pour le quatrième prêt du groupe. Tous les prêts précédents ont été correctement remboursés.
Le prêt actuel sera utilisé pour acheter des sacs de riz, de l’ail, des gros oignons de Niono, des cartons de macaroni provenant du Ghana, de Dakar et divers autres produits venant d’Abidjan (la capitale ivoirienne) et de Bamako ( la capitale du Mali). Ces femmes vendent leurs produits exclusivement au grand marché de koutiala.
Avec ce nouveau prêt, elles comptent réaliser en moyenne 130 000 FCFA. de bénéfice au cours de ce cycle.. En dehors du remboursement des prêts, elles comptent utiliser une partie de leurs revenus pour payer la scolarité des enfants et faire face aux maladies. Dans les jours à venir elles comptent diversifier leur commerce en embrassant d’autres activités telle l’ouverture d’un magasin de vente des produits divers.

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
  • 53
    View loans »
    Mali Loans Fundraising
  • $10,440,125
    Funds lent in using Kiva
  • 481.6
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Benkadi (L’Unite) Group's $1,825 loan helped a member to buy different goods.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 2, 2009
Listed
Apr 1, 2009
Currency Exchange Loss:
Covered
Ended:
Sep 15, 2009