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Hèrèdiya Group
In this Group: Tara , Alimata , Rokiatou , Aminata
The members of Hèrèdiya Group are all married women living in monogamous families. On average, they are 44 years old and have five children. They all live in Farabougou, a village located in the rural municipality of Téssérèla (fourth administrative region of Mali). They know each other through ties of kinship, marriage and neighborhood.

The group members are businesswomen selling groundnuts, clothes, dried fish and calabashes. The urge to increase their working capital led them to create a team and join the credit program of Soro Yiriwaso. This is their first solidarity loan.

Mrs Alimata Sangaré wants to use her loan to buy 5 sacks of groundnuts from the producers in N'gassola, Tissala and Téssérèla. She will sell the groundnuts from her home and by hawking in the nearby villages and at the trade fairs in N'gassola and Téssérèla. She retails, for cash and credit, to a clientele made up of men, women and children.

Alimata expects to make a monthly profit of 22,500 CFA francs which she will use to repay her loan, contribute to some household expenses, participate in social events (weddings, baptisms and funerals) and increase her working capital. Her ambition is to perpetuate her business through sufficient working capital and own a cart and a donkey for her travelling and transportation needs.
View original language description ↓
Les membres du groupe Hèrèdiya sont toutes mariées dans des familles monogames. Elles ont en moyenne 44 ans et 5 enfants. Elles habitent toutes à Farabougou, village de la Commune Rurale de Téssérèla (4ème Région administrative du Mali) et se sont connues à travers des liens de parenté, mariage et de voisinage.
Les membres du groupe font le commerce d’arachide, d’habits, de poissons séchés et de calebasses.
Le besoin d’augmenter leurs fonds de commerce, les incita à s’organiser et à intégrer le programme crédit de Soro Yiriwaso avec lequel, elles sont à leur 1er prêt solidaire.
Madame Alimata Sangaré veut utiliser son prêt pour acheter, 5 sacs d’arachide auprès des producteurs. Elle s’approvisionne à N’gassola, à Tissala et à Téssérèla. Elle revend son arachide à domicile, en ambulant dans les villages voisins et dans les foires de N’gassola et Téssérèla. Elle vend au comptant, en détail et à crédit à une clientèle composée d’hommes, de femmes et d’enfants.
Alimata espère réaliser un bénéfice mensuel de 22.500FCFA qui sera utilisé pour, rembourser son prêt, contribuer à certaines dépenses familiales, participer aux évènements sociaux (mariages, baptêmes et funérailles) et augmenter son fonds de commerce.
Son ambition est de pérenniser son commerce à travers l’augmentation du fonds de commerce et posséder une charrette et un âne pour faciliter ses déplacements et le transport de ses marchandises.

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
  • 12
    View loans »
    Mali Loans Fundraising
  • $10,215,175
    Funds lent in using Kiva
  • 486.7
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Hèrèdiya Group's $425 loan helped a member to buy groundnuts.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 6, 2010
Listed
Apr 22, 2010
Currency Exchange Loss:
Covered
Ended:
Nov 15, 2010