100%

funded

Total loan: $525

Benkadi Group

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Sikasso, Sikasso, Mali / Arts

Benkadi Group's loan finished fundraising,
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A loan helped to buy ingredients for making incense.


Benkadi Group's story

The five members of the Benkadi group are married women, who average 40 years of age with an average of three children each. The majority of them live in monogamous families in Ouayerma I, one of the working class districts of the town of Sikasso, the Republic of Mali's third administrative region. They are on their first loan from the microfinance institution, in order to be able to satisfy their customers' demand. Salimata, who is sitting on the far left of the photo makes and sells incense. With her loan she is planning to buy the raw materials needed to make incense ("magnkiseni", perfumes, "guéni", and bottles) which she will retail for cash at a specific place in Sikasso and within her family to a customer base made up of men and women. She expects to make an average monthly profit of 25,000FCFA, part of which will be used to repay her loan and the interest on it, while the remainder will be saved.