A loan of $1,250 helped a member to buy pagnes.

Benso Group's story

The members of the BENSO group (four married women) are, on average, 35 years old and have four children. They live in traditional families in N’tentou, a district of the city of Ouelessebougou (second administrative region of the Republic of Mali).

They are on their ninth joint loan with the microfinance institution Yiriwaso because they want to be able to meet the demands of their clientele. This group of women deals in various articles: incense, pagnes (brightly colored cloth used for clothing) cosmetics, and light food service (sweets, fried foods). Mariam B., the leader of the group, buys and sells Wax and tinted pagnes.

With her loan, she plans to buy 40 Wax pagnes. She gets her supplies at the main market in Bamako from wholesalers. The pagnes are sold at the market at Ouelessebougou and door to door, to a clientele of men and women, at retail for cash and on credit.

She foresees making an average monthly profit of 50,000 CFA, a part of which will be used to help her husband with daily expenses and the rest will be invested in her business.

In this group: Mariam , Fatoumata , Ramata , Ami

Translated from French by Kiva volunteer Shannon Arnold

Loan details

Lenders and lending teams

Loan details