A loan of $1,575 helped a member purchase of various articles for re-sale and for cooked food production.

Benkadi. Group's story

The seven members of this Benkadi group are all married women, with an average age of 44 and on average, 5 children, and live mostly in polygamous families in Hamdallaye, one of the neighborhoods of the town of Sikasso, third administrative region of the Republic of Mali.

They work together with the micro-finance institution Soro Yiriwaso so as to satisfy the needs of their clientele and are on their 4th solidarity loan. The preceding 3 loans were all correctly reimbursed. They sell condiments, drinks, fresh fish, fruit and vegetables, okra, and cooked food.

With their new loan they intend to buy 10 packets of condiments, 20 crates of drinks, 60 kg of fresh fish, 10 sacks of fresh vegetables, 15 sacks of fresh okra, and for their cooked food: 1 sack of 100 kg of rice, 3 packs of condiments, and 1 jerrycan of 20 liters of oil. They do their buying in the big open-air market of Sikasso town and in the surrounding villages. They sell their goods in Sikasso town, out of their homes, in the various markets, and in the neighborhoods on foot, for cash, retail, and on credit, to a clientele composed of men and women.

They each expect to make an average monthly profit of 32,500 F CFA of which part will be put into savings or used for family needs, the rest being invested back into their businesses. They count on having more working capital so as to better satisfy their clientele and to be able to set up a sales point.

In this group: Assitan, Aminata, Fatoumata, Kenza, Fatoumata, Aminata, Haby

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Translated from French by Kiva volunteer Teresa Kramer

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