A loan of $1,075 helped a member buying condiments and ingredients for cooked food service.

Benkadi (L’Entente) Group's story

The 5 women of this “Benkadi” group, part of the Dembagnouma Association, are all married. They have an average age of 36, on average 5 children, and live in big extended traditional families in the first neighborhood of the town of Koutiala (Sikasso region, Republic of Mali). They met because of being from the same neighborhood and being related.

They have almost the same business, selling condiments and cooked food. They are much in demand in these areas. So as to satisfy the needs of their growing clientele, this Benkadi group decided to join the micro-finance institution Soro Yiriwaso, with whom they are on their 3rd solidarity loan (group loan). Both the preceding loans were correctly reimbursed.

They intend to use this loan to buy all sorts of condiments, and rice and dried beans for cooked food. The condiments are sold retail and for cash in the market of Koutiala and out of their homes. As for the food, it is sold in the evening outside the doors of their houses.

They each expect to make an average profit of 110,000 F CFA over the course of this loan cycle. That money will be used to pay the interest on the loan and cover some needs of their extended families, investing any remainder back into their businesses.

Their ambition is to diversify their commercial activities.

In this group: Sanata, Mariam, Oumou, Ramata, Mariétou

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Translated from French by Kiva volunteer Teresa Kramer

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