A loan of $500 helped a member purchase of peanuts and clothing for children.


Benkadi (L’ Entente). Group's story

This Benkadi group belonging to the Dembagnouma association is made up of 5 married women who live in mostly polygamous families in the Hamdallaye district of the town of Koutiala, Sikasso region (third administrative region of the Republic of Mali). They have been living together for a very long time and have an average age of 30 with, on average, 3 children. Their main business is selling peanuts and transforming them into peanut butter. Besides that, they also sell outfits for children. They have experience in producing peanut butter and in selling clothing.

With the intention of expanding their businesses, the members decided to join the loan program of Soro Yiriwaso. The Benkadi group is on their very first solidarity loan (group loan). This loan will be used to buy sacks of peanuts and clothing for children that will be re-sold at the market or door-to-door. They generally sell for cash and retail, to a clientele composed of all sorts of people.

With this loan, they each expect to make on average 55,000 F CFA in profit during the loan cycle. This profit will be used to reimburse the loan and help support their families. In future, the group hopes to obtain a bigger loan so that they can diversify their businesses.

In this group: Ami , Molobali , Oumou , Abi , Setou
*not pictured

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Translated from French by Kiva volunteer Teresa Kramer



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