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Lolo Group
In this Group: Mah , Chiata, Safiatou, Sitan
The four women of the Lolo group are all married and have an average age of 30 years and 2 children. They live in large traditional families in the N'kola neighborhood in the Fakola subprefecture, in the Kolondièba prefecture (which is in the Sikasso region in Mali). Their main revenue-generating activity is a restaurant and has been for 7 years. Their restaurant is situated in the heart of their village and is a stopover point for travelers and merchants coming from Côte d'Ivoire (a sister country bordering this area of Mali).
To meet the ever-increasing customer demand, this group has decided to turn to the microloan institution Soro Yiriwaso, with which the group is on its third solidarity loan. Their previous loans were all repaid in full with no problems.
The women hope to use this loan to purchase, 1000 kg of rice, 500 kg of small millet, 100 kg of beans, 500 kg of potatoes, beef, and fish and the rest will be used to purchase a large amount of condiments. The women purchase their stock in the Fakola market with traveling merchants and sell their goods in the market to a diverse and affluent client base.
They each hope to make 60,000 CFA in profit that will be used to pay the interest on the loan, provide for their families, and invest back into their business.
View original language description ↓
Les quatre femmes du groupe Lolo sont toutes mariées et ont une moyenne d’âge 30 ans et 2 enfants. Elles vivent dans des familles traditionnelles élargies dans le quartier N’kola de la sous-préfecture de Fakola, préfecture de Kolondièba (région de Sikasso, république du Mali).
Elles ont spécifiquement comme principale activité génératrice de revenus la restauration et cela depuis 7 ans. Elles ont leur restaurant situé au cœur du village qui est un point d’escale pour les voyageurs et commerçants en provenance de la république de la Côte d’Ivoire (une république sœur qui fait frontière avec cette localité de la république du Mali).
Pour satisfaire le besoin sans cesse croissant de cette clientèle, ce groupe a décidé d’intégrer l’institution de microfinance Soro Yiriwaso avec laquelle il est à son troisième prêt solidaire. Les prêts précédents ont été correctement remboursés.
Elles comptent utiliser ce prêt pour acheter, 1000kg de riz, 500kg de petit mil, 100kg de haricot, 500kg de pommes de terre, de la viande, du poisson et le reste sera utilisé pour acheter une grande quantité de condiments alimentaires. Elles s’approvisionnent essentiellement dans le marché de Fakola auprès des forains et effectuent leur vente dans le dit marché à une clientèle riche et variée.
Elles espèrent réaliser chacune un bénéfice de 60 000FCFA qui sera utilisé pour payer les intérêts du prêt, subvenir aux besoins de la famille élargie et investir le reste dans les activités.

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

  • $1,200
    Average annual income
  • 9
    View loans »
    Mali Loans Fundraising
  • $10,386,300
    Funds lent in using Kiva
  • 462.9
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Lolo Group's $1,300 loan helped a member purchase of ingredients for restaurant.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 6, 2009
Listed
Jul 1, 2009
Currency Exchange Loss:
Covered
Ended:
Dec 15, 2009