A loan of $1,950 helped a member to buy conditments, peanut oil, rice, soap, néré seeds, beauty products.

Benkadi Group's story

Living in traditional extended families in the village of Bougoula Hameau, located about 3 km from the city of Sikasso (third administrative region of the Republic of Mali), the members of the group Benkadi (8 women: 7 married and 1 unmarried) average 3 children and 34 years of age. This group came out of the association Badeya and is united by ties of kinship (sisters and cousins). The group members work to earn an income by trading in peanut oil, rice, soap, néré seeds, beauty products, condiments, and "soumbala", which is made from cooked néré seeds.

To satisfy their ever-increasing customer base, they decided to join the Soro Yiriwaso micro-finance institution, with which they are on their fourth solidarity loan cycle (group loan). All the preceding loans have been correctly repaid.

The women of the group are requesting this loan to buy: 2 barrels of peanut oil, 13 sacks of rice, 5 sacks of néré seeds, and a sizable quantity of condiments (2 sacks of onions, 2 of eggplant, 1 of okra, 5 packets of flavorings, and 5 cans of tomato paste). The cities of Bobo Dioulasso and Bamako (respectively in Burkina Faso and Mali) are the main sources of supplies possible for the women.

The goods are taken to Sikasso on market days to be sold in cash at wholesale and retail levels, both. Their customers are generally composed of women and especially market vendors. Sales are made either at the local marketplace or out of homes, cash or credit accepted.

Using this fourth loan, the women each envision realizing an average profit of 50,000 francs CFA that will be used to pay the loan interest, to provide for the family, and to invest the rest into their respective businesses.

In this group: Lala , Alima , Mariam , Djénèbou , Aby , Fatoumata , Assétou , Maratou
*not pictured

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Translated from French by Kiva volunteer Daniel Kuey

Loan details

Lenders and lending teams

Loan details