A loan of $1,875 helped a member to buy various goods.

Benkadi Group's story

The group Benkadi is composed of seven women (four monogamous and three polygamous) who average 30 years of age and 3 children each. The women live in the hamlet of Bougoula, which is a rural community of Sikasso (third administrative region of the Republic of Mali). They operate diverse businesses, including selling condiments, Wax pagnes (colorful West African cloth), beauty products, soaps, etc.

The group members are on their fifth collaboration with the micro-finance institution Soro Yiriwaso in order to satisfy the growing needs of their customers and to increase their profits. The preceding loans have been repaid. With the current loan, they intend to buy 20 boxes of soap, 30 baskets of condiments, 30 bolts of Wax pagnes, and 50 boxes of beauty products. Supplies are gotten at the grand marketplace of Sikasso and in surrounding villages. The merchandise is sold there too, locally, at home, and door-to-door, cash or credit accepted at the retail level. Their customers are composed of women and men.

The group members each envision realizing an average monthly profit of 23,000 francs CFA. A portion of the profits will be used for feeding and clothing the children, and the other portion will be invested in business and used for making loan payments. Their ambition is to become wholesalers in the hamlet of Bougoula.

In this group: Lala, Alima, Mariam, Fatoumata, Assetou, Maratou, Djenebou

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Translated from French by Kiva volunteer Daniel Kuey

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