Funded

Total loan: $2,075
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Benko Group

Mali
Kanadjiguila, Mali / Fuel/Firewood

A loan of $2,075 helped a member to purchase firewood.


Benko Group's story

The group Benko is composed mostly of married women in polygamous households who live with their husband and children. The woman average 44 years of age and seven children, all living in the village of Kanadjiguila, in Commune du Mandé, Cercle de Kati. And they know one another through community ties. The group members have small-scale businesses involving firewood, condiments, peanut butter, and cosmetic products.

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

Ms. Adam (the woman sitting at the far left in the photo) is famous for selling firewood. She intends to use her loan to purchase 2 truck loads of wood from the villages surrounding Bamako. Her sales are made at the retail level to a mixed customer base in Kanadjiguila.

With this loan, Ms. Adam hopes to make an average monthly profit of 110,000 francs CFA that will be used for reinvesting in her business. Her goal is to purchase a plot of residential land through this Soro Yiriwaso relationship.

In this group: Awa , Mariam , Doussou , Adam , Nakou
*not pictured

Translator profile picture

Translated from French by Kiva volunteer Daniel Kuey



Loan details

Loan length:

8 months
Disbursed date: May 28, 2014
Facilitated by Field Partner: Soro Yiriwaso, a partner of Save the Children

Lenders and lending teams




Loan details

Loan length:

8 months
Disbursed date: May 28, 2014
Facilitated by Field Partner: Soro Yiriwaso, a partner of Save the Children