Check out some available loans that are similar to this one!
Bolokolognite Group
In this Group: Maimouna , Makani , Mariam , Achatou , Mariam
The Bolokolognite group is made up of five women, who are all married and on average are 35 years old, have 3 children and live in polygamous families in Mancourani 1, one of the neighborhoods of the city of Sikasso in the third administrative region of the republic of Mali.
They are working with the Soro Yiriwaso micro finance institution in order to satisfy the needs of their customers. This is their fourth group loan. All three previous loans were repaid without difficulties.
They buy and sell medicines, children's clothing, wood coal, cosmetics, cups, etc.
With their new loan, they plan to purchase 5 packages of medicine, 4 dozen children's outfits, 70 sacks of wood coal, 2 cartons of cosmetics, and 3 dozen plastic cups.
They get their supplies in the Sikasso marketplace and in the neighboring villages. They sell in the city of Sikasso in the various markets and in the neighborhoods in a traveling manner. They sell for cash or often on credit to a clientele composed of men and women.
They each envision making a monthly profit of 30,500 CFA francs, of which a portion will be used for savings and family needs, and the other portion will be invested in their activities.
Some of them plan to purchase a plot of land to live on in Sikasso and others plan to open a store.
View original language description ↓
Le groupe Bolokolognite est constitué de cinq femmes toutes mariées ayant une moyenne d’âge de 35 ans, 3 enfants et vivant dans des familles polygames à Mancourani 1 un des quartiers de la ville de Sikasso, 3ème région administrative de la république du Mali.
Elles collaborent avec l’institution de microfinance Soro Yiriwaso afin de satisfaire le besoin de leur clientèle et sont à leur quatrième prêt de groupe, tous les trois précédents ont été remboursés sans difficulté.
Elles exercent comme activité l’achat et la vente de médicaments, de vêtements pour enfants, du charbon de bois, des produits cosmétiques, des tasses etc.
Avec leur nouveau prêt, elles comptent acheter, 5 emballages de médicaments, 4 douzaines d’habits pour enfants, 70 sacs de charbon de bois, 2 cartons de produits cosmétiques, 3 douzaines de tasses en plastique.
Elles s’approvisionnent au grand marché de Sikasso ville et dans les villages avoisinants. Elles vendent à Sikasso ville dans les différents marchés et dans les quartiers de façon ambulante. Elles vendent au comptant, souvent à crédit à une clientèle composée d’hommes et de femmes.
Elles envisagent réaliser chacune un bénéfice mensuel de 30.500 FCFA dont une partie sera utilisée pour l’épargne et les besoins de la famille, l’autre partie sera investie dans les activités.
Certaines d’entre elles comptent acheter un terrain à usage d’habitation à Sikasso ville et d’autres ouvrir un magasin de vente.

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
  • 5
    View loans »
    Mali Loans Fundraising
  • $11,609,175
    Funds lent in using Kiva
  • 445.5
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD