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Faïda Group
In this Group: Ramata , Djinindjin , Fatoumata , Chata , Djinin , Mariam
The FAÏDA group is made up of six married women who are an average of 32 years old, have three children, and live in large extended families with their brothers, sisters, co-wives, children and husbands. These women live in the Village of Dioutiebougou, a prefecture of Bougouni, the third administrative region of the Rupublic of Mali. The women know each other as neighbors and through kinship ties.

To better manage their businesses, they decided to join the microfinance institution of Soro Yiriwaso in order to purchase and sell grains. They are on their sixth group loan, and all five of their previous loans were fully reimbursed. With this loan, Chata C. intends to purchase one ton of millet, 400kg of fonio, and 600kg of maize from the suppliers in Dioutiebougou and its surroundings. These goods will be resold to wholesalers in the market of Bougouni in smaller quantities for cash to a clientele made up of men and women. With this loan, the women hope to make a monthly profit of 17,500 FCFA which will be used in their businesses.
View original language description ↓
Le groupe FAÏDA est composé des six femmes mariées qui ont une moyenne d’âge de 32 ans, 3 enfants et qui vivent dans des familles conjugales traditionnelles avec leurs frères, sœurs, co-épouses, enfants et époux. Ces femmes résident dans le village de DIOUTIEBOUGOU préfecture de BOUGOUNI, troisième région administrative de la république du Mali. Ces femmes se sont connues par des relations de voisinage et de parenté.
Pour mener à bien leurs activités commerciales, elles ont décidé d’adhérer à l’institution de microfinance Soro Yiriwaso et cela pour faire le commerce de céréales. Elles sont à leur sixième prêt de groupe et tous les cinq précédents ont été correctement remboursés. Avec ce prêt Chata C. compte acheter auprès des fournisseurs de DIOUTIEBOUGOU et environs, 1 tonne de petit mil, 400kg de fonio et 600kg maïs, qui seront revendus aux grossistes en détail et au comptant dans le marché de BOUGOUNI à une clientèle est composée d’hommes et de femmes. Avec ce prêt elles comptent avoir un bénéfice mensuel de 17.500 FCFA qui sera utilisé dans leurs activités.

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
  • 13
    View loans »
    Mali Loans Fundraising
  • $11,524,125
    Funds lent in using Kiva
  • 453.4
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD