A loan of $1,000 helped a member to purchase grocery items.

Benkan Group's story

The five women of the group "Benkan" are married in monogamous families. The women average 36 years of age and four children each, all living in the Bagadadji district in Ségou (4th administrative region of the Republic of Mali). They know one another through ties of community, kinship, marriage, and especially their revenue-generating businesses. The group members work in small-scale commerce involving shallots, potatoes, eggplant, secondhand clothing, and jewelry.

With the goal of increasing their working capital, the group members decided to collaborate with the microfinance institution Soro Yiriwaso and are now on their sixth solidarity loan cycle.

Ms. Sitan (second woman sitting from the left in the photo) has a great reputation for selling shea butter and condiments of all kinds. She intends to use her loan to purchase 100 kg of shea butter and a lot of condiments. Sales are made in cash or on credit at the market and by going door to door. Her customer base is composed mostly of women.

With this loan, Ms. Sitan hopes to make an average monthly profit of 25,000 francs CFA that will be reinvested in her business and used to ensure her home is supplied with food.

In this group: Mama , Maimouna , Maimouna , Djouma , Sitan

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Translated from French by Kiva volunteer Daniel Kuey

Loan details

Lenders and lending teams

Loan details