A loan of $275 helped a member to purchase three sacks of kabakourouni soaps (50 pieces each) and two cartons of B.T. soaps (25 pieces each) for resale.


Benkola Group's story

All married and in traditional extended families, the five women in the Benkola Group have an average age of 40 years and an average of seven children. They all live in the village of N'Golofanasso in the region of Ségou (4th administrative region of Mali) and know one another through ties of vicinity and kinship. They are merchants of various goods. In order to increase their business assets, the group members joined with the microfinance institution Soro Yiriwaso and are on their first loan cycle. Kotimi (the first woman on the left in the photo) excels in the purchase and sale of soaps, of which she has been a merchant for over nine years. She is in high demand in her town and the surrounding areas as she is very rarely out of stock. This is according to Kotimi's customers, who consist mainly of women. Kotimi plans to use her loan to buy three sacks of kabakourouni soaps (50 pieces each) and two cartons of B.T. soaps (25 pieces each). She purchases her supplies from wholesalers in San. Kotimi conducts her business in cash, at retail, and on credit. With this loan, Kotimi hopes to achieve an average monthly income of 9,000 FCFA, which she will use to reinvest in her business and to aid her husband in the care of household expenses.

In this group: Kotimi , Sitan , Kadia , Kadia , Mariam
*not pictured

Translated from French by Kiva volunteer Jane Coe



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Loan details