A loan of $500 helped a member to buy corn and cereals.


Benkadi Group's story

The 5 members of the Benkadi group are mostly married women with an average age of 27 and, on average, 2 children. They mainly live in polygamous families in Siékourani, one of the villages Loulouni commune, Kadiolo circle, in the Sikasso region (3rd administrative region of the Republic of Mali). This is their 3rd loan from the Soro Yiriwaso microfinance institution, requested in order to be able to satisfy their customers' needs. The previous loans have been properly repaid.

Mariam, sitting on the far right in the picture, is the Benkadi group member who sells cereals. She is planning to use her loan to buy 3 bags of corn and cereals. She gets her supplies in the vicinity of Siékourani village. She makes most of her sales at the Siékourani and Loulouni town markets on market days for cash to a retail clientèle made up of men and women. She expects to make an average monthly profit of 20 000 francs, part of which will be used to pay off the loan and its interest, and part of which will be used to build her savings.

In this group: Mariam, Machitan, Fatou , Aminata , Sitan

Translated from French by Kiva volunteer



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Loan details