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Faïda Group
In this Group: Mamou , Fatoumata , Kadiatou , Assetou , Haïda , Fatoumata , Mafi , Safiatou , Rokia , Bintou
The ten members of the Faïda solidarity group are married women who live in monogamous families. They average 32 years of age and four children each. They all live in the Hamdallaye district of the Ségou region (fourth administrative region of Mali), and met through their income-generating activities at the Château market, in Ségou. They sell second-hand clothing, rice, soap, incense and vegetables (lettuce and tomatoes).

In order to expand their businesses, the group decided to join the Soro Yiriwaso micro-finance institution and are on their second group loan.

Mrs. Mamou T. enjoys a great reputation in the preparation and sale of incense, especially among new brides. She plans to use her loan to buy 1 kg of magnonkisseni grains, 3 bottles of Cologne, and 6 tubes of perfume. To make incense, she soaks the magnonkisseni in Cologne for at least a week, then adds the various perfumes. The incense is then poured into bottles to be sold. Mrs. T. gets her supplies at the Grand market of Ségou. She sells for cash and credit, from her home and at the Château market, to a clientele composed mostly of women.

With this loan, Mrs. T. hopes to earn an average monthly profit of 20,000 FCFA to be used for the needs of the household and for reinvestment in her business. Like the other group members, she aspires to become a wholesaler in the preparation and sale of incense through her collaboration with Soro Yiriwaso.
Les dix femmes du groupe Faïda sont toutes mariées dans des familles monogames avec en moyenne 32 ans et 4 enfants. Elles habitent toutes dans le quartier Hamdallaye de Ségou (4ème Région administrative du Mali) et se sont connues à travers leurs activités génératrices de revenus dans le marché Château de Ségou. Les membres du groupe font le commerce des habits de la friperie, du riz, du savon, de l’encens et des légumes (laitue et tomate).
Dans le but d’augmenter leur fonds de commerce, les membres du groupe ont décidé de collaborer avec Soro Yiriwaso et sont à leur 2ème prêt solidaire.
Madame Mamou T., a une grande réputation dans la préparation et la vente d’encens surtout du côté des nouvelles mariées. Elle compte utiliser son prêt pour acheter, 1 kg de magnonkisseni, 3 bouteilles d’eau de Cologne et 6 tubes de parfums. Pour fabriquer l’encens, elle imbibe le magnonkisseni dans l’eau de Cologne pendant une semaine au moins, ensuite elle l’assaisonne avec ses différentes qualités de parfums. L’encens ainsi préparé est reparti entre les bouteilles destinées à la vente. Elle se ravitaille en ses matières de base au grand marché de Ségou. La vente se fait au comptant et à crédit, à domicile et au marché Château à une clientèle composée généralement de femmes.
Madame Mamou T. espère réaliser avec ce prêt un bénéfice mensuel moyen de 20.000FCFA qui sera utilisé pour être réinvesti dans l’activité et assurer les petits besoins du foyer.
A l’image des autres membres du groupe, elle ambitionne devenir grossiste dans la préparation et vente de l’encens dans ce partenariat avec Soro Yiriwaso.

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
  • 10
    View loans »
    Mali Loans Fundraising
  • $10,183,000
    Funds lent in using Kiva
  • 481.8
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Faïda Group's $1,575 loan helped a member purchase of raw materials for the preparation of incense.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 26, 2011
Listed
Feb 7, 2011
Currency Exchange Loss:
Possible
Ended:
Aug 15, 2011