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Fente Allabo Group
In this Group: Assa , Safoura , Niaye , Djeneba
The FENTE ALLABO group is part of TENE’s FOTEMOGOBAN association. It consists of four women who know one another as neighbors and through ties of kinship. On average, they are 48 years old, married, with at least nine children. They lead different activities, including the sale of various goods and fruit juices. They live in large traditional families in TENE, in the prefecture of SAN (region of Ségou, Republic of Mali).

They have been engaged in small business activities for several years and are in high demand.
In order to meet their customers’ increasing needs, the group decided to join the Soro Yiriwaso micro-finance institution five years ago. They are currently on their ninth loan cycle.

ASSA D., president of the group and well known in TENE, excels in the preparation and sale of fruit juices. She intends to use her loan to buy three bags of bissap, two bags of sugar and 50 kg of ginger, and spend 5,000 FCFA on accessories. She gets her stocks in SAN every Monday, and sells her juices in TENE and at the various weekly fairs through employees.

She hopes to earn a monthly profit of 32,000 FCFA, which would allow her to repay the loan and reinvest in her business. The other group members are expecting a profit of 30,000 FCFA per month, which they will use to repay the loan and provide for their families.
FENTE ALLABO est un groupe de l’association FOTEMOGOBAN de TENE. Il regroupe 4 femmes qui se sont connues à travers des liens de parenté et de voisinage. Elles ont une moyenne d’âge de 48 ans. Mariées et mères d’au moins 9 enfants, elles mènent différentes activités : vente de diverses marchandises et jus de fruits. Elles vivent dans des grandes familles traditionnelles à TENE dans la préfecture de SAN (Région de Ségou, République du Mali).
Elles sont dans le petit commerce depuis plusieurs années et sont très sollicitées dans leurs activités.
Dans le souci de satisfaire le besoin croissant de leur clientèle, les membres du groupe ont décidé d’intégrer le programme crédit de Soro Yiriwaso il y a 5 ans. Elles sont à leur neuvième prêt solidaire.
ASSA D., qui est la présidente du groupe et très connue à TENE, excelle dans la préparation et vente de jus de fruits. Elle compte utiliser son prêt pour acheter, 3 sacs de bisap, 2 sacs de sucre, 50 kg de gingembre et 5000FCFA pour les accessoires. Elle s’approvisionne à SAN tous les Lundis et vend son jus à TENE et dans les différentes foires hebdomadaires à travers des employées.
Elle espère sur un bénéfice mensuel de 32000FCFA somme qui lui permettra de rembourser le prêt et de réinvestir dans son activité. Les autres membres comptent sur un bénéfice de 30000FCFA par mois somme qui leur permettra de rembourser le prêt et de subvenir aux besoins familiaux.

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

  • $1,100
    Average annual income
  • 40
    View loans »
    Mali Loans Fundraising
  • $11,450,100
    Funds lent in using Kiva
  • 499.1
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD