A loan of $1,025 helped a member to buy ocean fish and fresh water fish for resale.

Benkadi Group's story

Made up of nine married women, the members of this Benkadi group have an average age of 38 and on average, 6 children each. They live in nuclear families with their children and husbands. The women live in the HEREMAKONO-NORD district of the town of BOUGOUNI, third administrative region of the Republic of Mali.

These women met because of friendships and commercial relationships, and they sell condiments, lengths of African-print cloth, sheets, dyed cloth, and, in the case of Rokia T., fish.

Wishing to expand their purchasing power so that they can satisfy the demand of their clientele, they decided to join the Microfinance Institution Soro Yiriwaso, with whom they are on their second group loan. The preceding loan was correctly reimbursed.

Mrs. Rokia T. sells fresh fish, a business she learned from her mother when she was very young. With this loan she intends to buy 200 kg of saltwater fish and 120 kg of fresh water fish. She buys her fresh water fish from Bozo-ethnicity fishermen along the river SANKARANI in the prefecture of YANFOLILA, whereas she buys her ocean fish frozen in Ivory Coast. All her sales are retail, for cash or credit, in the town of BOUGOUNI to a clientele composed of men and women. With this loan, she expects to make a monthly profit of 20,000 F CFA whereas the other members of the group expect a monthly profit of 15,000 F CFA which they say will be used for their businesses.

In this group: Diatou, Minata, Rokia, Fatoumata, Mariete, Fatoma, Ramatou, Awa, Awa

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Translated from French by Kiva volunteer Teresa Kramer

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