A loan of $525 helped a member to buy fish (fresh, smoked, or dried).

Benkadi (L’Entente Est Bonne) Group's story

The group Benkadi (“Harmony is good”) is composed of five women who are all married. They average 42 years of age and 6 children, and they live in large traditional extended families in the Sogomougou district of the city of Koutiala (Sikasso region, Republic of Mali). These women know one another through community ties and do almost the same work selling fish in all its forms.

In order to satisfy the needs of their ever-increasing number of customers, the group members decided to join the micro-finance institution Soro Yiriwaso and are now on their first solidarity loan (group loan).

With this loan, they intend to buy cases of fresh fish and boxes of smoked and dried fish. Supplies of fish are gotten in the villages of Korientzé and Mopti (fifth region of Mali). The fish is sold at the grand marketplace of Koutiala, at the house, and door-to-door.

The group members each hope to realize an average profit of 65,000 francs CFA in the course of this cycle. The profits will be use to make loan interest payments, to provide for the extended family, and to invest the rest in business. Their ambition is to extend their commerce to the importing of ocean fish from Guinea.

In this group: Rokia , Rokia , Fanta , Moussokoro, Badiallo

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Translated from French by Kiva volunteer Daniel Kuey

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