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Benkadi Group
In this Group: Rokiatou , Salimata , Korotoumou , Djenebou
The four members of the Benkadi group are married women on average 29 years old, with an average of two children. They live in nuclear families, with their children and husbands, in the neighborhood of Médine in the heart of the town of Bougouni, which is part of the third administrative region of the Republic of Mali.

They met each other through commercial and social relationships.

They decided to participate in the loan program of the financial institution Soro Yiriwasso in order to buy bales of used clothing for cash and to provide their customers with goods of quality. This is their seventh group loan and all the previous loans have been repaid fully.

With this loan, they are planning to buy 7 bales of used clothing and 300 kg of beans. The used clothing is purchased from wholesalers in Bamako and the beans are bought from local producers in the neighboring villages of Bougouni. All these goods are then sold on the Bougouni market, retail and for cash to customers who are women and men.

They hope to each make a monthly profit of 30,000 FCFA [about USD 50], which will be used to reimburse the loan and to provide for the health care and well being of the children.

View original language description ↓
Les quatre membres du groupe Benkadi sont des femmes mariées ayant en moyenne 29 ans et 2 enfants. Elles vivent dans des familles nucléaires avec leurs enfants et leurs époux dans le quartier Médine au cœur de la ville de Bougouni qui relève de la troisième région administrative de la république du Mali.
Elles se sont connues par des relations de commerce et sociale.
En vue d’acheter des balles de friperie au comptant et de fournir leurs clients en produits de qualité, elles ont décidé d’adhérer au programme crédit de l’institution de microfinance Soro Yiriwaso. Elles sont à leur septième prêt de groupe et tous les prêts précédents ont été correctement remboursés.
Avec ce prêt elles comptent acheter, 7 balles de friperie et 300 kg de haricot. Les friperies sont achetées auprès des grossistes de Bamako et le haricot est acheté dans les villages environnants de Bougouni auprès des producteurs. Tous ses produits sont revendus dans le marché de Bougouni en détail et au comptant à une clientèle composée d’hommes et de femmes.
Elles espèrent avoir chacune un bénéfice mensuel de 30 000 FCFA qui sera utilisé pour le remboursement des intérêts du prêt et subvenir aux frais de santé et d’entretien des enfants.

Additional Information

Important Information

Soro Yiriwaso is a microfinance institution that works primarily in rural and semi-urban areas of Mali to provide underprivileged communities with access to financial services.The organization facilitates access for disadvantaged clients, particularly women, to new resources and services, fostering solidarity and cooperation among its clients. Kiva lenders’ funds will enable Soro Yiriwaso to expand its outreach and target even more underserved Malians involved in business and agriculture.

This is a Group Loan

In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.

Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.

About Mali

  • $1,100
    Average annual income
  • 55
    View loans »
    Mali Loans Fundraising
  • $12,694,675
    Funds lent in using Kiva
  • 468.8
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD