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Mougnou Group
In this Group: Djeneba, Sitan , Atoumata , Soumba
The members of the group Mougnou are married women who average 47 years of age and 4 children.  With their husband and children, they live in traditional families, residing in the village of Balan, sub-prefecture of Fana, region of Koulikoro, Republic of Mali.  They know one another through ties of community and marriage.  They essentially buy and sell various goods, and they work in food catering (essentially fried foods and sweets).  

The women joined the micro-finance institution Soro Yiriwaso with the goal of sustaining their lucrative work.  They are now on their 11th group loan.  All the previous loans have been properly repaid.

The group members want to buy a major quantity of goods (condiments, wheat flour, cooking oil, etc.) at the Fana marketplace.  These goods will be sold retail, cash or credit accepted, in the village of Balan to customers composed of women and men.  The food catering is operated in town for customers who go through the village and for a few gourmets, plus, let's not forget children. 

The group members plan on obtaining a monthly profit of 15,000 franc CFA per person.  With this loan, the profits will be reinvested in the business, and a portion will be used to cover family expenses. 
View original language description ↓
Les membres du groupe Mougnou sont des femmes mariées ayant une moyenne d’âge de 47 ans et 4 enfants. Avec leur mari et enfants elles vivent dans des familles traditionnelles et résident dans le village de Balan, sous-préfecture de Fana Région de Koulikoro, République du Mali.
Elles se sont connues par des liens de voisinage, de mariages et font essentiellement l’achat vente d’articles divers et la petite restauration (essentiellement les fritures et les friandises).
Ces femmes ont intégrés l’institution de microfinance Soro Yiriwaso dans le but de pérenniser leurs activités lucratives. Elles sont à leur onzième prêt de groupe et tous les prêts précédents ont été correctement remboursés.
Elles veulent acheter, une importante quantité d’articles divers (condiments alimentaires, farine de blé, huile alimentaires etc) sur le marché de Fana qui seront revendus au comptant, en détail et à crédit dans le village de Balan à une clientèle composée de femmes et d’hommes. La petite restauration est faite dans le village pour des clients qui traversent le village et quelques gourmets, sans oublier les enfants.
Elles comptent obtenir 15.000FCFA de bénéfice mensuel par personne. Avec ce prêt les bénéfices seront réinvestis dans l’activité et une partie sera utilisée pour les dépenses familiales.

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
  • 20
    View loans »
    Mali Loans Fundraising
  • $10,726,175
    Funds lent in using Kiva
  • 452.6
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Mougnou Group's $450 loan helped a member to buy various goods.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 27, 2009
Listed
Oct 1, 2009
Currency Exchange Loss:
Covered
Ended:
Feb 26, 2010