Total loan: $2,375

Benko Group

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Bamako, Bamako Capital District, Mali / Food

Benko Group's loan finished fundraising,
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A loan helped to purchase peanuts.

Benko Group's story

Composed of five women, the members of the group Benko are married for the most part in monogamous households. The women average 45 years of age and six children each, all living in Kanadjiguila, in Commune de Mandé/ Cercle de Kati. And the women know one another through ties of kinship, community, and their revenue-generating businesses. The group members sell peanut butter, macaroni, and firewood. Concerned about building their inventory, the group members decided to collaborate with the microfinance institution Soro Yiriwaso and are now on their 3rd solidarity loan cycle. Ms. Nakou (the woman standing at the far left in the photo) has a good reputation for selling peanut butter. She intends to use her loan to purchase 5 sacks of peanuts. She gets her supplies of it in Médine. To make peanut butter, the best peanuts are sorted, roasted, pealed, and then ground in a mill. The peanut butter is thus ready for retail sale to a customer base composed mostly of women. With this loan, she plans on making an average monthly profit of 50,000 francs CFA that will be used for ensuring the children’s schooling and healthcare needs are met.