A loan of $2,225 helped a member to purchase peanuts, beans and clothes for re-sale.

Badenya (Kinship) Group's story

The group Badenya of the association Danaya is composed of 10 women, all of whom are married, have an average age of 30 years and an average of 4 children each. They live in large, traditional families in the town of Yangasso, in the area of San (Region of Ségou, in the Republic of Mali). They know one another through the neighborhood and also through familial relationships.

The main business of the women in the group Badenya is to purchase and re-sell peanuts, beans and clothing. They are very sought out for their goods. In order to satisfy the needs of their clientele and so that their customer base does not stop growing, the group Badenya found that the solution of their problems was to join the micro-finance institution Soro Yiriwaso.

This is the third group loan that the women of Badenya will take together, they have fully repaid their previous loans. They will use this loan to purchase ninety-five 100 kilogram sacks of peanuts, thirty 100 kilogram sacks of beans and some sets of clothes for children. They will supply themselves directly from producers and re-sell the products at retail prices, sometimes at wholesale prices, for cash and credit to a clientele composed of customers and re-sellers.

They hope to each earn an average monthly income of 23,000 FCFA, which they will use to pay the interest on their loan, to pay for the needs of their families and will invest the rest in their businesses.

Please note: In the photo of the group, there are 9 women because the tenth woman, called Djélika Traoré had gone give her condolences to the town elders.

In this group: Bawa , Fatoumata , Djélika *, Hawa , Maïmouna , Hawa , Mamou , Astan , Bintou , Korotimi
*not pictured

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Translated from French by Kiva volunteer Margot Bonner

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