100%

funded

Total loan: $625

Bendia Group

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Sakoïba, , Mali / Food

Bendia Group's loan finished fundraising,
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A loan helped to buy 300 kg of peanuts.


Bendia Group's story

The four members of Bendia Group are married women. Most of them live in polygamous families. They average 45 years of age and four children. They all live in Sakoïba, a rural commune in Ségou Region (Fourth Administrative Region of Mali). They got acquainted through bonds of neighborhood, kinship, and marriage. The members of the group retail peanuts, mortars, and engraved calabashes. In order to increase their working capital, they joined Kiva's partner, the MFI Soro Yiriwaso, from which they are seeking their twelfth solidarity loan (group loan). Mrs. Safiatou, second woman on the left in the photograph, is the group's peanuts reseller. She intends to use her part of the loan to buy 300 kg of peanuts. She gets her supplies at the fair in Boussin, and sometimes also at the Médine market in Ségou. She resells at her home and at the Grand Market in Ségou, for cash and on credit, to a clientele comprising both women and men. With this loan, she hopes to turn an average monthly profit of XOF 35'000 (ca US$ 70), to be used to cover the daily expenses of her household, and be reinvested in her business. Mrs. Safiatou's and the other women of the group share the same goal: ensure the future of their business through this partnership with Soro Yiriwaso.