A loan of $600 helped a member to purchase Wax 'pagne' cloth.


Benkan Group's story

Composed exclusively of four married women, the members of the group Benkan live for the most part in traditional families, and they average 32 years of age and two children each. The women all live in Sikasso City (3rd administrative region of the Republic of Mali) and know one another through ties of kinship, community, and marriage. The group members have small-scale businesses involving ginger, Wax 'pagnes' (the colorful cloth of western Africa), peanut butter, and incense.

With the goal of increasing their business capital, the group members joined the microfinance institution Soro Yiriwaso and are now on their fourth solidarity loan cycle.

Ms. MAIMOUNA (seated in the middle in the photo) is the seller of Wax 'pagne' cloth in the group. She intends to use her loan to purchase 5 lengths of 'pagne' cloth of different qualities. She gets her supplies from wholesalers. Accepting cash or credit from a mixed customer base, she makes her sales retail at home and at the market.

Ms. MAIMOUNA plans on making an average monthly profit of 25,000 francs CFA that will be used for reinvesting in the business and helping out her husband with certain family expenses.

In this group: Assan , Afou , Maimouna, Maimouna

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Translated from French by Kiva volunteer Daniel Kuey



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