A loan of $1,650 helped a member purchase of various items.


Benkadi Group's story

The members of the Benkadi group are married women who are on average 41 years old with three children. With their husband and children they live in large traditional families in the town of Fana, in the Banankabougou district; this lies in the prefecture of Fana, in the region of Koulikoro in the Republic of Mali.

They met through neighbors and relatives and have a business selling various items. These women work together with the microfinance company, Soro Yiriwaso, with the objective of satisfying their customers, who are increasing day by day in number. They are on their seventh group loan and all the previous loans have been repaid without incident. With this loan they are planning to buy 60 crates of sweetened drinks, ten sheets and ready to wear clothes in Bamako, rice locally to make into fritters, beef heads and legs from the butchers in the town with which to make sauce. The sale of these products is carried out in the women's homes and in the market at Fana to a customer base made up of women and men.

They are planning to make an average monthly profit of 45,000FCFA each. The profits will be partly reinvested in the business and partly used for the daily expenses of the family. Their ambition is to expand their field of activity to include the raising of sheep and goats.

In this group: Awa, Ramata, Awa, Ami, Fatoumata

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Translated from French by Kiva volunteer Alison Le Bras



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