A loan of $1,050 helped a member to buy and resell various food products and clothing.


Benkan Group's story

The Benkan group of the Fotemogoban association is composed of seven married women of San, a town in Ségou Region (fourth administrative region of the Republic of Mali). The members of the Benkan group live in large traditional families. They got acquainted through bonds of community and kinship. They average 45 years of age and have at least 8 children.

The members of this group have a solid experience in the retailing food products and clothing. In 2009, the women of the group decided to join the loan program of Kiva's partner, Soro Yiriwaso. They are now seeking their second solidarity loan (group loan). The group's president, Assa Moriké Touré, intends to use her loan to buy 60 boxes of fresh fish at Talon dam, that she will then bring to Bamako and resell, wholesale and for cash. She will then buy jewelry to resell in San, for cash and on credit. She foresees turning a monthly profit of XOF 25'000 (ca US$ 48), whereas the other members hope to make XOF 23'000 (ca US$ 44). The profits will be used to repay the loan, help their husbands, and bolster their businesses by diversifying the products they sell.

In this group: Assa Morike , Mamou , Bintou , Baro , Maimouna , Dero , Bakoro

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Translated from French by Kiva volunteer Patrick Stadelmann



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