A loan of $500 helped a member to buy bales of second-hand clothing.

Benkadi Group's story

The five members of the BENKADI group are married women with an average age of 33, and an average of 3 children each. They live mostly in monogamous families in OUAYERMA I, one of the neighborhoods of the city of Sikasso (3rd administrative region of Mali).
They are requesting their first loan with the microfinance institution Soro Yiriwaso to meet the needs of their customers.
KADIA, who is squatting on the right of the photo, is the featured borrower in the BENKADI group of women. She trades second-hand clothing and her excellent reputation in this line of work makes her a much sought-after saleswoman.
She intends to use the loan to buy two bales of used clothing that she will sell retail as a street trader and from her home for cash and for credit to a customer-base consisting of both men and women. She gets her supplies from Bamako and often from the big market in the city of Sikasso.
She would like to generate an average monthly profit of 17,500 FCFA- She will use a part of the money to pay back the loan with interest and she will put the rest into savings.

In this group: Awa, Macoura, Kadiatou, Oumou, Kadia

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Translated from French by Kiva volunteer Stella Hodkin

Loan details

Lenders and lending teams

Loan details