Check out some available loans that are similar to this one!
Kolaban  (Let's Be Decisive) Group
In this Group: Korotoumou , Fanta , Kadia , Kossa , Sali , Koniba
Kolaban is the name of a group of women who live in the quarter of Dar Salam, in the city of Koutiala. They live in large traditional families with their husbands, children and other parents. They are 37 years old on average, they are married, and they have at least 5 children each.

This group of women is involved in the sale of various items, such as firewood, clothing, and jewelry, cereal grains, and cosmetics.

In order to increase their business the members of the group came together last year to request a loan from Soro Yiriwaso. They are on their second group loan, following the successful repayment of their first loan.

Korotoumou Keita is one of the members of the Kolaban group and she sells firewood and jewelry (necklaces, earrings, bracelets etc.) She plans on using her loan to purchase loads of firewood from local producers. She purchases firewood from the various brush locales in Sirakele, Kle, and Karaba. Her inventory of wood is important. She purchases her products in the market from the wholesalers. She sells firewood in cash and credit from her home, to a clientele exclusively made up of women. She sells her jewelry on credit from her home and wherever she goes.

The members of the Kolaban group expect to make an average monthly income of 110 000 FCFA through the span of this loan cycle. Korotoumou Keita expects to earn 1200 000 FCFA.

Aside from repayment of their loan, they will use a part of their income to meet their family’s daily expenses.
Kolaban est un regroupement de femmes du quartier Dar Salam de la ville de Koutiala qui vivent dans de grandes familles traditionnelles avec leurs maris, enfants et autres parents. Elles ont en moyenne 37 ans, sont mariées et mères d’au moins 5 enfants.
Ce groupe de femmes fait le commerce d’articles divers tels, le bois de chauffe, les habillements, les parures, les céréales et les produits cosmétiques.
Pour augmenter la taille de leurs activités, les membres ont décidé d’intégrer le programme crédit de Soro Yiriwaso il y a une année. Elles sont à leur deuxième prêt de groupe et le prêt précédent a été bien remboursé. Korotoumou K. est un des membres du groupe Kolaban qui vend le bois de chauffe et des parures (colliers, boucle d’oreille, bracelets et autres).
Elle compte utiliser son prêt pour acheter, des chargements de charrettes en bois de chauffe auprès des producteurs. Elle se procure du bois dans les différents coins de brousse Sirakele, Kle et Karaba. Son stock de bois est important. Quant aux colliers, ils sont achetés au marché avec les grossistes. Elle vend le bois en détail et au comptant à la maison à une clientèle composée exclusivement de femmes. Les parures sont vendues en détail à la maison et partout où elle passe.
Tandis que Les membres du groupe Kolaban comptent réaliser un bénéfice moyen de 110 000FCFA chacune au cours de ce cycle Korotoumou K. compte réaliser 120 000FCFA.
En plus du remboursement des prêts, elles utilisent une partie du revenu pour faire face aux dépenses courantes de la famille.

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
  • 29
    View loans »
    Mali Loans Fundraising
  • $11,391,925
    Funds lent in using Kiva
  • 499.1
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Kolaban (Let's Be Decisive) Group's $1,225 loan helped a member to purchase firewood and jewelry.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 14, 2010
Listed
Jan 6, 2011
Currency Exchange Loss:
Possible
Ended:
Jul 15, 2011