A loan of $1,575 helped a member to buy onions, bouillon cubes, pepper, tomato paste, and table salt.


Benkadi Group's story

The eight members of Benkadi Group are mainly married women, who average 30 years of age and four children. Most of them live in monogamous families in Sanoubougou I, a working-class neighborhood in Sikasso (Third Administrative Region of Mali). The members of the group are seeking their fourth loan from Kiva's partner, the microfinance organization Soro Yiriwaso, in order to meet customer demand. Previous loans were repaid without problems. Mrs. SATA, standing in the middle in the photograph, is a member of this group. She sells food condiments and intends to use her loan to buy three sacks of onions, five boxes of bouillon cubes, one basket of pepper, two boxes of tomato paste, and one sack of table salt. She will purchase these products in Sikasso. She resells her products for cash, at a fixed spot at the Grand Market in Sikasso, as well as at her home, to a clientele comprising mostly women. She intends to turn an average monthly profit of XOF 21.500 (ca US$ 42), to be used in part to repay the loan and its interests, and in part to increase her savings. She ambitions to bolster her revenue to better meet customer demand.

In this group: Sata , Diarha , Awa , Assanatou , Mamou , Aminata , Elizabeth , Mariam
*not pictured

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Translated from French by Kiva volunteer Patrick Stadelmann



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