A loan of $1,300 helped a member purchase of bales of "Wax" cloth.

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

The four women of this group called "Benkadi" (understanding is a good thing), belonging to the "Sérieux" Association, are all married. They have an average age of 35, 4 children on average, live in big traditional extended families in the Koko neighborhood of the town of Koutiala (Sikasso region, Republic of Mali). They know each other essentially because of being neighbors.

They do almost the same work, buying and selling "Wax" brand "pagnes" (lengths of brightly colored African print cloth), clothing, and embroidered cloth. They are much in demand in this business and have an excellent reputation.

So as to satisfy the needs of their growing clientele, the Benkadi group decided to join the micro-finance institution Soro Yiriwaso with whom they are on their 6th solidarity loan (group loan). All the preceding loans have been correctly reimbursed.

They intend to use this loan to buy bales of "Wax" cloth wholesale in Bamako (capital of the Republic of Mali). This cloth will be sold retail, for cash or credit, in the big market of Koutiala and walking around the neighborhoods, to a clientele composed mainly of women.

They each hope to make an average profit of 120,000 F CFA during this loan cycle, which will be used to pay the interest on the loan, cover the needs of their extended family, investing the rest in their businesses.

Their ambition is to diversify their businesses by taking on other money-earning ventures and opening a shop to sell clothing.

In this group: Kia , Ramata , Tou , Aminata
*not pictured

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Translated from French by Kiva volunteer Teresa Kramer

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