A loan of $1,425 helped a member to buy condiments.

Benkola Group's story

The Benkola group comprises seven married women who, on average, are 37 years old and have four children each. These women mostly live in traditional families, in Méridièla, one of the villages of the Bougouni Cercle. They know one another through neighborhood, friendship and professional ties. In order to boost their financial capacity and to better run their businesses, they have joined the microfinance institution Soro Yiriwaso, and are on their seventh loan. Their previous loans have been duly repaid.

The women of the Benkola group sell condiments, cups, clothes, tubers, and they also prepare meals. Fatoumata, standing and holding a sheet of paper, buys and sells condiments. She plans to use her loan to buy three bags of dry onions and two baskets of soumbala (a West African condiment) from wholesalers. She sells her merchandise from home, at the Méridièla market and at other markets located in surrounding villages. She sells for cash or on credit, to a retail customer base consisting of men and women.

She is expecting to make average monthly profits of 42,000 CFA francs, which will be reinvested in her business and used to repay her loan.

In this group: Awa , Fanta , Djelika , Yama , Mah , Djinessira , Fatoumata

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Translated from French by Kiva volunteer Sophie Narayan

Loan details

Lenders and lending teams

Loan details