A loan of $850 helped a member to buy cereals.


Benkadi Group's story

Benkadi Group ("Harmony") is composed of married women, who on average are 34 years old and have four children. They live with their children and husbands in nuclear families in Massablacoura, a neighborhood in the city of Bougouni (third administrative region of Mali). They came to know each other through ties of kinship and neighborhood.

Faced with the need to increase their working capital to satisfy their clientele and boost their activity level, the group members decided to join the microfinance institution Soro Yiriwaso. They need the loans to finance their activities, namely selling food condiments and cereals (Rokia D.). This is their seventh group loan. All their previous loans have been repaid on schedule.

Mrs Rokia D. intends to use her new loan to buy 2 sacks of 100 kilograms of corn, 1 sack of 100 kilograms of small millet and 3 sacks of 50 kilograms of smoked rice. She gets her supplies from farmers in nearby villages and retails at the great market in Bougouni, for cash or credit, to a clientele made up of men and women.

Thanks to this loan, she expects to make an average profit of 20,000 CFA francs a month. She will use part of it to repay her loan and the remaining amount will be reinvested in her business.

In this group: Rokia , Safi , Awa , Kadiatou

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Translated from French by Kiva volunteer Robert Mouris



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