A loan of $600 helped a member to purchase spices.

Benkadi Group's story

The four members of the BENKADI group are married women with an average age of 34 and on average 4 children. Most of them live in monogamous families in Lafiabougou - one of the urban districts of Sikasso (the third largest administrative region of Mali). They are seeking their second loan with the Soro Yiriwaso microfinance institution, in order to satisfy their customers' demand. The previous loan was fully repaid. AWA - standing second on the left in the photo - is a spice trader in the BENKADI group of women. With this loan, she intends to purchase: 2 baskets of cauliflower, 1 basket of tomatoes, 1 bag of onions, 1 bag of kitchen salt, 1 basket of fish (dried and smoked), half a basket of pepper, 1 bag of okra ('gombo') and 1 box of Maggi cubes. She buys her supplies from wholesalers in the Grand Marché in Sikasso town.
She retails them from a fixed stall at the market, and through her family connections, to a customer base made up of men and women - for cash. She expects to make a monthly profit of 22,250 CFA - a part of which will be used to repay the loan plus interest, and the rest for her savings.

In this group: Mariam , Awa , Dongui , Rokia

Translated from French by Kiva volunteer Alistair Assheton

Loan details

Lenders and lending teams

Loan details