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Fokaben Group
In this Group: Bintou , Oumou , Yaya , Sitan , Sitan
The women in the Fokaben group are all married, average 47 years of age, have an average of three children and live in extended traditional families in the village of Siemana, in the prefecture of Barouéli, in the region of Ségou (fourth administrative region of the Republic of Mali). They met each other through relatives, and trade in clay.

The women of the Fokaben group are on their fifth group loan, having repaid without incident the four previous loans. This new loan will be used to buy bags of white clay. They get most of their supplies in Barouéli and sell on the market in Barouéli and in surrounding fairs, for cash, on a retail basis, and on credit, to a customer base made up exclusively of women, who are the sole consumers of this material.

They envisage making an average monthly profit of 35,000 FCFA each which will be used for daily family expenses, with the balance been reinvested in their business.
View original language description ↓
Les femmes du groupe Fokaben, toutes mariées, ont en moyenne 47 ans, 3 enfants et vivent toutes dans des familles traditionnelles élargies dans le village de Siemana, préfecture de Barouéli, Région de Ségou (quatrième région administrative de la république du Mali).
Elles se sont connues à travers des liens de parenté et font le commerce de l’argile.
Ces femmes du groupe Fokaben sont à leur cinquième prêt solidaire après avoir correctement remboursés les quatre précédents.
Ce nouveau prêt sera utilisé pour acheter, des sacs d’argile blanche. Elles s’approvisionnent le plus généralement à Barouéli et effectuent leurs ventes au marché de Barouéli et dans les foires environnantes, au comptant, en détail et à crédit, à une clientèle composée exclusivement de femmes qui restent les seules consommatrices de cette matière.
Elles envisagent réaliser chacune un bénéfice moyen mensuel de 35.000FCFA qui sera utilisé dans les dépenses quotidiennes de la famille et le reste sera réinvesti dans les activités de commerce.

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
  • 152
    View loans »
    Mali Loans Fundraising
  • $11,246,625
    Funds lent in using Kiva
  • 484.0
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Fokaben Group's $775 loan helped a member purchase of white clay.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 25, 2010
Listed
Mar 24, 2010
Currency Exchange Loss:
Covered
Ended:
Jul 15, 2010