Total loan: $1,200

Benkadi Group

Flag of Mali
Sikasso, Sikasso, Mali / Retail

Benkadi Group's loan finished fundraising,
but these similar borrowers just need a little more help to reach their goals!

A loan helped To buy various goods.

Benkadi Group's story

The group Benkadi is composed of four married women who average 35 years of age and two children each. They live for the most part in monogamous families in Médine, a district in the city of Sikasso (third administrative region of the Republic of Mali).

The group members are on their third solidarity loan with the micro-finance institution Soro Yiriwaso. They requested a loan to satisfy the needs of their customers, who are becoming more and more numerous and demanding. The group members do a diversity of work, including selling children's clothing, soap, and incense. With this loan, they intend to buy fifty packages of children's clothing, fifty boxes of soap, forty bottles of perfume, and some seeds for making incense. Supplies are gotten at the grand marketplace of the city of Sikasso and in Burkina Faso, a country bordering Mali. The merchandise is sold to customers composed of men and women mostly in cash transaction at the grand marketplace of Sikasso City and often by going door-to-door.

The group members each envision realizing an average monthly profit of 25,000 francs CFA. A portion of the profits will be used for family needs, and the other portion will be invested in business.

Translated from French by Dan Kuey, Kiva Volunteer