A loan of $925 helped a member purchasing charcoal.

Benkadi Group's story

Benkadi is a group of nine women, all married and living in traditional extended polygamous families, with their brothers, sisters, co-spouses, children and husbands. They are on the average 32 years old, with four children. They live in Heremakono-Nord, Bougoni Preferecture (the third administrative region of Mali). They know each other through business and family links and work selling various items.

In order to better meet the increasing customer demand, they have decided to join the loan program of the microfinance institution Soro Yirwaso. They are on their fourth group loan, having duly repaid three prior loans. With this loan, Diatou S. plans to purchase bags of charcoal from farmers in the villages surrounding Bougoni. She sells retail, for cash and on credit to a customer base composed of both men and women. With this loan, she plans to achieve a monthly income of 40,000 West African Francs, a part of which will be used for the business and the other for [her] children’s education costs.

In this group: Diatou, Minata, Awa, Safiatou, Alima, Rokia, Marietou, Fatoumata, Fatoma

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Translated from French by Kiva volunteer Katharina S

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