Total loan: $1,650
Bamako, Bamako Capital District, Mali / Food
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Benkadi Group's loan finished fundraising,
but these similar borrowers just need a little more help to reach their goals!
A loan helped to purchase onions.
Benkadi Group's story
Most of them married in polygamous households, the four members of the group Benkadi average 38 years of age and three children each, all living in Kalaban Coura, a district in Bamako. The women know one another through community ties and their revenue-generating businesses in Kalaban Coura. The group members have small-scale businesses involving fish, clothing, onions, and prepared foods. With the goal of increasing their business capital, the women decided to collaborate with the microfinance institution Soro Yiriwaso and are now on their 3rd solidarity loan cycle. Ms. Mariam (the woman standing at the far left in the photo) is a major vendor of onions. She intends to use her loan to purchase 350 kg of onions. She supplies herself at the big market of Bamako. Her sales are made retail to mostly women customers. With this loan, she hopes to make an average monthly profit of 100,000 francs CFA that will be used for ensuring her children are cared for at home.