A loan of $1,075 helped a member to buy cereals.

Bendiya Group's story

The members of the BENDIYA solidarity group are married women who average 49 years of age and four children each. They live with their husbands and children in nuclear families in Sido, prefecture of Bougouni (third administrative region of the Republic of Mali). They came together as neighbors, through their business activities, and through ties of kinship.

In order to satisfy customer demand and expand their businesses, they joined the loan program of the Soro Yiriwaso microfinance institution. They use their loans to buy cereals (Fanta S.’s activity), condiments and cooking ingredients.

With this new loan, Fanta S. plans to buy five 50 kg sacks of smoked rice, two 100 kg sacks of maize, and two 100 kg sacks of millet. She gets her stocks from farmers in the surrounding villages and conducts her retail sales from the shop in her home, for cash and credit, to a customer base consisting of both men and women.

She expects to earn a monthly profit of 40,000 FCFA part of which will be reinvested in her business, the other portion to be used for her children’s medical expenses.

In this group: Diakassan, Kadia, Fanta, Haby

Translated from French

Loan details

Lenders and lending teams

Loan details