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Laïdou Ii Group
In this Group: Samadje , Kadiatou, Chata , Habi , Binta
Laidou II is a group of five married women living in traditional extended families with their brothers, sisters, co-wives, children and hubands. They have an average age of 28 years and 3 children and live in Heremakono-Nord in the city of BOUGOUNI (third administrative region of Mali). They know each other through community and business ties. They sell various items: peanut paste, condiments, hand-knit wools etc. They also prepare and sell fruit juices. Intending to buy more products to meet the quantity and quality expectations of their customer base, which is increasing and becoming more demanding, they decided to join the Soro Yiriwaso microfinance institution. This is their first group loan. SAMADJE BAGAYOO intends to purchase different types of condiments from vendors from Sikasso and Bamako with this loan. She sells her goods at retail, for cash and on credit in the BOUGOUNI market to a clientele composed mainly of women. She expects to earn a monthly profit of 30,000 CFA with this loan of which a part will be used in the business and the remainder for her children's education expenses.
View original language description ↓
LAÏDOU II est un regroupement de cinq femmes toutes mariées dans des familles conjugales traditionnelles élargies avec leurs frères, sœurs, co-épouses, enfants et époux. Elles ont une moyenne d’âge de 28 ans et de 3 enfants et résident à Heremakono-Nord, préfecture de BOUGOUNI, (troisième région administrative de la république du Mali).
Elles se sont connues par des relations de voisinage et de commerce d’articles divers : pâte d’arachide, condiments, préparation et vente de jus de fruits, le tricotage de la laine etc.
Dans l’intention d’acheter plus de produits, afin de satisfaire en quantité et en qualité la clientèle, qui devient de plus nombreuse et exigeante, elles ont décidé d’adhérer à l’institution de microfinance Soro Yiriwaso, avec qui elles sont à leur premier prêt de groupe.
Avec ce prêt, SAMADJE B., compte acheter des condiments alimentaires de différentes variétés auprès des forains venant de Sikasso et de Bamako. Elle effectue sa vente, en détail, au comptant et à crédit dans le marché de BOUGOUNI à une clientèle composée essentiellement de femmes.
Avec ce prêt elle envisage réaliser un bénéfice mensuel de 30.000 FCFA dont une partie sera utilisé dans l’activité et l’autre partie dans les frais d’éducation de leurs enfants.

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
  • 7
    View loans »
    Mali Loans Fundraising
  • $9,921,450
    Funds lent in using Kiva
  • 495.3
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Laïdou Ii Group's $525 loan helped a member purchase condiments.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 8, 2010
Listed
Dec 10, 2010
Currency Exchange Loss:
Possible
Ended:
Jul 15, 2011