Check out some available loans that are similar to this one!
Laîdou Group
In this Group: Bakoro , Sitan , Wassa , Mah , Fatoumata , Fatoumata
The women of the group Laïdou, all married, are 38 years old on average, have 4 children and live in large traditional families in Warassala village, in the Fana sub-prefecture, Koulikoro region (second administrative region of the Republic of Mali). They know one another through parental, neighborhood and friendship ties. They sell condiments (such as cabbage), various boutique items, and soaps. The women of the Laïdou group are on their sixth loan and Sitan Bagayoga, who is a member of the group, expects to buy spices from the re-sellers at the Fana market, to then re-sell it on a day-to-day basis there in the village, for cash and credit to a customer base made up of men and woman. She plans to make an average monthly profit of 20,000 FCFA which will be used to pay back the loan and to contribute to social ceremonies, while the rest will be re-invested in her business of selling spices.
View original language description ↓
Les femmes du groupe Laïdou, toutes mariées, ont en moyenne 38 ans, 4 enfants et vivent toutes dans des familles traditionnelles élargies dans le village de Warassala, sous préfecture de Fana, Région de Koulikoro (deuxième région administrative de la république du Mali).
Elles se sont connues à travers des liens de parenté, de voisinage et d’amitié. Elles font le commerce de condiments (tels le choux etc), d’articles divers de boutique et des savons.
Les femmes du groupe Laïdou sont à leur sixième prêt et SITAN B. qui un membre du groupe compte acheter des condiments avec les revendeurs du marché de Fana, pour ensuite revendre quotidiennement sur place au village, au comptant et à crédit, à une clientèle composée d’hommes et de femmes.
Elle envisage réaliser un bénéfice moyen mensuel de 20.000F CFA qui sera utilisé pour payer les échéances du prêt, payer les contributions des cérémonies sociales et le reste sera réinvesti dans son activité de commerce de condiments.

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
  • 31
    View loans »
    Mali Loans Fundraising
  • $10,386,300
    Funds lent in using Kiva
  • 470.3
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Laîdou Group's $975 loan helped a member to purchase spices for food.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 18, 2011
Listed
Mar 15, 2011
Currency Exchange Loss:
Possible
Ended:
Jul 15, 2011