A loan of $1,575 helped a member to buy condiments.


Benkadi Group's story

The BENKADI group consists of three married women and a widow. On average, these women are 49 years old and have six children each. They live in extended traditional families with their husbands, co-wives, brothers and sons, and they reside in the Dougounina neighborhood of the city of Bougouni. They know one another through ties of community, friendship and commerce. In order to bolster their financial capacity and to do better at business, they have joined the microfinance institution Soro Yiriwaso. This is their tenth loan with the institution; their previous loans have been properly repaid. The women from this group sell condiments, grains and various other goods. Awa, the president of the group, is the first woman from the left in the photo. She buys and sells condiments, and she is planning to use her loan to buy 500 kg of onions, five baskets of cabbage and peppers and one bag of kitchen salt from wholesalers in Sikasso. She sells at the market and from home, for cash and on credit, to a retail customer base which essentially consists of women. She is expecting average monthly profits to reach 85,000 CFA francs, which will be invested in her business and also used to repay her loan.

In this group: Awa , Fanta , Fadima , Djeneba
*not pictured

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Translated from French by Kiva volunteer Sophie Narayan



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