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Lolo Group
In this Group: Mapene , Wouleye , Mondje, Mariam
The women of the group Lolo are all married and average 40 years of age and five children each living in traditional extended families in Dioïla City in the region of Koulikoro (2nd administrative region of the Republic of Mali). They know one another through ties of kinship and community. And they do commerce in plastic kitchen utensils, condiments, and peanuts.

The women in the group are on their first solidarity loan. Wouleye F., who became specialized in plastic ware, intends to use her loan for buying plastic kitchen utensils. She stocks up for the most part in Bamako. And she sells locally at the Dioïla market and at the surrounding fairs and accepts cash and credit from a customer base composed of women and men.

She plans on making an average monthly profit of 25,000 francs CFA that will be used to cover day-to-day family expenses, and the rest will be reinvested in the businesses.
View original language description ↓
Les femmes du groupe Lolo, toutes mariées, ont en moyenne 40 ans, 5 enfants et vivent toutes dans des familles traditionnelles élargies dans la ville de Dioïla, préfecture de la région de Koulikoro (deuxième région administrative de la république du Mali).
Elles se sont connues à travers des liens de parenté et de voisinage et font le commerce des ustensiles de cuisine en plastique, de condiments et d’arachide.
Ces femmes du groupe Lolo sont à leur premier prêt solidaire et Wouleye F. qui s’est spécialisée dans le plastique, compte utiliser son prêt pour acheter, des ustensiles de cuisine en plastique.
Elle s’approvisionne le plus généralement à Bamako et effectue sa vente sur place, au marché de Dioïla et dans les foires environnantes, au comptant, en détail et à crédit, à une clientèle composée de femmes et d’hommes.
Elle compte réaliser un bénéfice moyen mensuel de 25.000FCFA 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
  • 75
    View loans »
    Mali Loans Fundraising
  • $10,874,800
    Funds lent in using Kiva
  • 497.0
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Lolo Group's $425 loan helped a member buying plastic ware.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 19, 2010
Listed
May 1, 2010
Currency Exchange Loss:
Covered
Ended:
Sep 15, 2010