A loan of $1,250 helped a member to buy cosmetic products.

Benkadi Group's story

For the most part married in polygamous families, the five women of the group Benkadi average 38 years of age and five children each. They all live in Koutiala prefecture and know one another through ties of community, kinship, and their professional work. The women buy and sell cosmetic products, clothing, pagnes (the colorful cloth of western Africa), beverages, and grains.

With the goal of increasing their business capital, the group members joined the microfinance institution Soro Yiriwaso and are now their eighth solidarity loan after having correctly repaid the seven previous ones.

Ms. Fanta (the first woman seated from right to left in the photo) sells cosmetics. She is in high demand and much appreciated for the quality of her products. She intends to use her loan to buy 3 boxes of creams, 2 boxes of perfumes and deodorants, and a box of nail polishes and gels.

She gets her supplies from local wholesalers. Accepting cash, she make her retail sales out of her house and at the market. Her customer base is composed of men and women.

With this loan, Ms. Fanta hopes to make an average monthly profit 65,000 francs CFA that will be use for reinvesting in her business and meeting certain household needs.

In this group: Fanta , Raki , Adja , Sitan , Kadia

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Translated from French by Kiva volunteer Daniel Kuey

Loan details

Lenders and lending teams

Loan details