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Fotemogoban Group
In this Group: Touta , Salimata , Djeneba , Messitan , Bana
The group Fotemogoban of the association Badenya is composed of five married women of the city of Tènè, Region of Ségou (4th administrative region of the Republic of Mali).  The group members live in large traditional extended families.  They know one another through ties of community and kinship.  And they average 38 years of age and have at least four children.  These woman have had income-generating businesses for over ten years and joined the micro-finance institution Soro Yiriwaso over four years ago.  They are now on their seventh solidarity loan after having properly repaid the six preceding ones. 

The group members do commerce in a variety of goods, such as peanuts, rice, and condiments. Touta D., a member of the group, plans on using her loan for buying 50 sacks of peanuts from peasant producers in and around Tènè.  She hulls five sacks each week and goes to resell them in San and at surrounding markets.  Her customer base is compose of women and men. 

While she hopes to make a monthly profit of 47,000 francs CFA, the other group members envision making 43,000 francs.  This profit will be used to provide for the family and for reinvesting in the businesses.
View original language description ↓
Le groupe Fotemogoban de l’association Badenya est composé de 5 femmes mariées de la ville de Tènè, région de Ségou (quatrième région administrative de la république du Mali). Les membres du groupe Fotemogoban vivent dans des grandes familles traditionnelles élargies. Elles se sont connues à travers le voisinage et la parenté et ont en moyenne 38 ans et au moins 4 enfants.
Elles exercent les activités génératrices de revenus depuis plus de 10 ans et ont intégré l’institution de microfinance Soro Yiriwaso depuis plus de 4 ans. Elles sont à leur 7è prêt solidaire, après avoir correctement remboursés les six précédents.
Les femmes du groupe font le commerce d’articles divers tels l’arachide, le riz et les condiments alimentaires.
Touta D., un membre du groupe compte utiliser son prêt pour acheter, 50 sacs d’arachide auprès des paysans producteurs de Tènè et environs.
Elle décortique 5 sacs par semaine pour partir les revendre à San et dans les foires environnantes à une clientèle composée de femmes et d’hommes.
Tandis que Touta D. espère réaliser un bénéfice mensuel de 47000 FCFA, les autres membres du groupe envisagent obtenir 43 000 FCFA..
Ce bénéfice sera utilisé pour subvenir aux dépenses familiales et réinvestir dans les activités.

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
  • 23
    View loans »
    Mali Loans Fundraising
  • $9,921,450
    Funds lent in using Kiva
  • 495.7
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Fotemogoban Group's $1,775 loan helped a member buying peanuts.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 15, 2010
Listed
May 3, 2010
Currency Exchange Loss:
Covered
Ended:
Nov 15, 2010