A loan of $1,000 helped a member to buy condiments.


Benkadi Group's story

The Benkadi group is composed of two married women and two single women averaging 40 years of ag,e with three children. They live in traditional extended families with their husbands, other wives, brothers and children in the Torakabougou district of the town of Bougouni. They know each as neighbors, friends and fellow entrepreneurs. In order to bolster their financing capacity in order to better manage their businesses, they have joined the Soro Yiriwaso microfinance institution and are now on their second loan. The prior loan has been duly repaid. The group members sell condiments, shoes, cereals and miscellaneous items.

Ami, the group’s leader, is the first one seated from the right to the left. She busy and resells condiments and plans to use her loan to buy two bags of table salt, four boxes of Maggi bouillon cubes and a bag of onions from wholesalers in Bougouni. She sells at the market and out of her home, for cash and on credit, to a customer base composed mainly of women. She plans to earn average monthly revenue of 40,000 West African francs, which will be used to reinvested in her business and repay her loan.

In this group: Ami , Alimata , Amissetou, Awa
*not pictured

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Translated from French by Kiva volunteer Ekaterina Sukhanova



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