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Benkafo(Entente) Group
In this Group: Bana , Awa , Mama , Djoba , Naminata
The women of the group Benkafo are all married and average 47 years of age and four children. They live in traditional extended families in the village of Koumantou (in Bougouni prefecture, third administrative region of the Republic of Mali). This group essentially does a variety and diversity of work: catering, clothing, ...

The group members have been partners of Soro Yiriwaso for three years and are on their sixth loan. According to the president, this partnership is very important because it enables them to have continuous capital for working in income-generating businesses. The current loan is enough to buy 10 kg of fresh fish each day at 650 francs CFA per kilo, 5 liters of cooking oil, and some firewood. The fish will be fried and offered for sale. This commerce allows them to earn 200 francs per kilo of fish sold. The group members make their sales from a fixed location at the marketplace and door-to-door in the different districts of Koumantou, cash or credit accepted, to customers composed generally of women.

The members who sell cloth will buy 10 lengths of Wax brand cloth in Bamako (capital of Mali). This cloth is cut up into three "pagnes" (each typically about 1 meter by 3 meters in size) which are then sold. Damask fabric is sold by the meter. The merchants earn 250 francs from each pagne sold and 500 francs from each meter of damask sold.

The group members can realize an average of 30,000 to 45,000 francs per month. This is enough to repay the loan and to address certain family expenses. In the future, the group members want to have their own shops in order to become wholesalers of the fresh fish and cloth that customers demand.

View original language description ↓
Les femmes de Benkafo sont toutes mariées avec une moyenne d’âge de 47ans et 4 enfants. Elles vivent dans des familles traditionnelles élargies dans le village de Koumantou préfecture de Bougouni (troisième région administrative de la république du Mali). Ce groupe fait essentiellement des activités diverses et variées : (restauration, habillement…)
Elles sont partenaires de Soro Yiriwaso depuis trois ans et sont à leur sixième prêt. Selon la présidente ce partenariat est très important car cela leurs permet d’avoir un capital permanent pour mener des activités génératrices de revenus.
Le présent prêt permettra d’acheter 10 kg de poisson frais par jour à 650 FCFA le kg, 5 litres d’huile alimentaire et du bois de chauffe. Ce poisson sera frit et vendu. Ce commerce permet de gagner 200 Fcfa sur chaque kg de poisson vendu. Elles effectuent leurs ventes de façon fixe au marché et de façon ambulante dans les différents quartiers de Koumantou en détail au comptant et à crédit à une clientèle composée généralement de femmes.
Les vendeuses de tissus achètent 10 pièces de tissus wax à Bamako(capitale du Mali). Les tissus wax sont découpés en « 3 pagnes » puis vendus. Les tissus bazin sont vendus par mètre. Les commerçantes gagnent 250 FCFA sur chaque « 3 pagnes » vendu et 500 FCFA sur chaque mètre de bazin vendu.
Les membres de Benkafo peuvent réaliser en moyenne 30.000 à 45.000FCFA par mois. Cela suffit pour rembourser le prêt et faire face à certaines dépenses de la famille.
A l’avenir les membres de Benkafo veulent avoir leurs propres boutiques afin de devenir des grossistes en commerce de poisson frais et de tissus demandés par la clientèle.

Additional Information

Important Information

Soro Yiriwaso is a microfinance institution that works primarily in rural and semi-urban areas of Mali to provide underprivileged communities with access to financial services.The organization facilitates access for disadvantaged clients, particularly women, to new resources and services, fostering solidarity and cooperation among its clients. Kiva lenders’ funds will enable Soro Yiriwaso to expand its outreach and target even more underserved Malians involved in business and agriculture.

This is a Group Loan

In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.

Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.

About Mali

  • $1,100
    Average annual income
  • 54
    View loans »
    Mali Loans Fundraising
  • $12,694,550
    Funds lent in using Kiva
  • 497.3
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD