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Yèrèdon Group
In this Group: Aminata, Maïmouna , Mamou , Mamou , Bintou , Salimata
The group Yèrèdon is composed of six women, all married, in large traditional families.  The women average 35 years of age and four children each living in the capital of the rural community of Cinzana Gare (4th administrative region of the Republic of Mali).  They know one another through ties of community and kinship. 

Concerned about increasing the volume of their businesses, they decided to join the Soro Yiriwaso loan program and are now on their second group loan after having properly repaid the first one. 

The new loan will be used to buy:  two sacks of rice, a sack of potatoes, four 20-liter drums of oil, 40 kg of smoked and dried fish, two sacks of peanuts, some condiments (including a basket of fresh onions, 10 kg of big onions, a basket of dried onions, 5 kg of sounbala, two packets of Maggi bouillon cubes, 2 kg of black pepper, a basket of cabbages, and a basket of fresh tomatoes), and twenty packets of hair extensions.

The group members stock up locally at the weekly fairs of Cinzana Gare and Ségou.  The rice is reserved for food catering.  A portion of the potatoes is fried to be sold.  Sales are made at the Cinzana Gare market, in homes, and door-to-door on ordinary days.  Cash or credit is accepted from customers composed of men, and women, and children for the fried potatoes.

The group members plan on earning an average monthly profit of 20,415 francs CFA that will be used to repay the loan, to buy school supplies and medicines, and to take part in societal events.
View original language description ↓
Le groupe Yèrèdon est composé de six femmes toutes mariées, dans des grandes familles traditionnelles. Elles ont en moyenne 35 ans, 4 enfants et habitent le chef lieu de commune rurale Cinzana Gare (4ème Région administrative du Mali).
Elles se sont connues à travers des liens de voisinage et de parenté.
Dans le souci d’augmenter le volume de leurs activités commerciales, elles ont décidé d’adhérer au programme crédit de Soro Yiriwaso avec qui elles sont à leur 2ème prêt de groupe après avoir correctement remboursé le premier.
Ce prêt sera utilisé pour acheter, 2sacs de riz, 1 sac de patate, 4 bidons d’huile de 20 litres, 40kg de poissons fumés et séchés, 2 sacs de graines d’arachide, des condiments : 1panier d’oignon frais, 10kg gros oignon, 1 panier d’oignon séché, 5kg de Sounbala, 2 paquets de cubes maggi, 2 kg de poivre, 1panier de chou pommé 1 de panier de tomates fraîches et 20 paquets de mèche.
Elles s’approvisionnent sur place à la foire hebdomadaire de Cinzana Gare et à Ségou. Le riz est réservé pour la restauration. Une partie des patates est frite pour être vendue. La vente se fait au marché de Cinzana Gare, à domicile et en ambulants les jours ordinaires. Les ventes se font au comptant et à crédit à une clientèle composée d’hommes et de femmes et d’enfants pour la patate frite.
Elles comptent réaliser un bénéfice moyen mensuel de 20.415FCFA qui sera utilisé pour le remboursement du prêt, à l’achat de fournitures scolaires, de médicaments et à la participation aux évènements sociaux.

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
  • 154
    View loans »
    Mali Loans Fundraising
  • $11,272,850
    Funds lent in using Kiva
  • 464.5
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Yèrèdon Group's $650 loan helped a member buying various goods.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 12, 2010
Listed
Jan 23, 2010
Currency Exchange Loss:
Covered
Ended:
Aug 15, 2010