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Bary Maramou Ii Group
In this Group: Namere, Ramatou Deke , Awa Matou, Mariam , Tenin , Mamine, Minata
The group Bary Maramou 2 is composed of married women who average 26 years of age and four children each.  The women live in monogamous families with their children and husband, and they reside in the city of Yanfolila, which is part of the 3rd administrative region of the Republic of Mali.  They know one another through business ties. 

With the intention of increasing their financial resources and having enough inventory to satisfy customer needs, the group members decided to join the micro-finance institution Soro Yiriwaso, so as to do commerce in grains.  They are now on their second solidarity loan.  The preceding one was properly repaid.

With this new loan, they intend to buy:  five tonnes of corn and two tonnes of petit mil (millet) from suppliers of villages surrounding Yanfolila.  The goods are then to be resold retail at the Yanfolila market in cash transactions.  Their customers are composed of men and women. 

With this loan, the group members plan on obtaining a profit of 40,000 francs CFA per month that will be used to provide clothing and schooling for their children. 
View original language description ↓
Le groupe Bary Maramou 2 est composé de femmes mariées qui ont une moyenne d’âge de 26 ans et 4 enfants. Elles vivent dans des familles monogames avec leurs enfants et époux. Ces femmes résident dans la ville de Yanfolila qui relève de la 3eme région administrative de la république du Mali.
Ces femmes se sont connues à travers des relations de commerce.
Dans l’intention d’augmenter leur ressource financière et de faire assez de stocks enfin de satisfaire le besoin de leur clientèle, elles ont décidé d’adhérer à l’institution de microfinance Soro Yiriwaso et cela pour faire le commerce de céréales.
Elles sont à leur deuxième prêt solidaire et le précèdent a été correctement remboursé.
Avec ce prêt elles comptent acheter, 5 tonnes de maïs et 2 tonnes de petit mil avec les fournisseurs des villages environnants de Yanfolila pour ensuite les revendre sur le marché de Yanfolila, en détail et au comptant à une clientèle composée d’hommes et de femmes.
Avec ce prêt les femmes comptent obtenir un bénéfice de 40 000 FCFA par mois qui sera utilisé dans l’habillement et l’éducation de leurs enfants.

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
  • 26
    View loans »
    Mali Loans Fundraising
  • $9,944,875
    Funds lent in using Kiva
  • 464.5
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Bary Maramou Ii Group's $1,525 loan helped a member buying grains.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 6, 2010
Listed
Jan 23, 2010
Currency Exchange Loss:
Covered
Ended:
Aug 15, 2010