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Lala
Mrs. Lala is a 23 year old, married woman who lives with her 3 children and spouse in a monogamous family in Sanankoroba, a prefecture of Kati, the second largest administrative region in Mali.

Very early on, Lala became interested in income-generating businesses, notably the purchase and sale of diary products: powdered milk, fresh milk, milk curd, cream, yogurt, etc.

While looking for additional funding, she decided to sign-up for the Soro Yiriwaso loan program. She is on her first loan.

She stocks up twice a month in Bamako and plans to buy with this loan, five sacks of powdered milk which she will sell retail, from place to place, for cash, to male and female customers. She hopes to achieve a monthly profit of 60,000 FCFA which will be used to cover her expenses and to make loan payments.
View original language description ↓
Madame Lala est une femme mariée de 23 ans, qui vit avec ses 3 enfants et son époux dans une famille monogame, à Sanankoroba, préfecture de Kati, deuxième région administrative de la république du Mali.
Très tôt Lala s’intéressa aux activités génératrices de revenus notamment à l’achat vente des produits laitiers : lait en poudre, lait frais, laits caillé, crèmes, yaourts etc.
Dans ses recherches de ressources financières complémentaires, elle décide d’adhérer au programme crédit de Soro Yiriwaso, avec qui elle est à son premier prêt.
Elle s’approvisionne deux fois par mois à Bamako et compte acheter avec ce prêt, cinq sacs de lait en poudre qu’elle vendra, en détail, en ambulant et surtout au comptant à une clientèle composée d’hommes et de femmes. Elle espère réaliser un bénéfice mensuel de 60.000FCFA qui sera utilisé pour subvenir à ses dépenses et rembourser les échéances du prêt.

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.

About Mali

  • $1,200
    Average annual income
  • 10
    View loans »
    Mali Loans Fundraising
  • $10,187,375
    Funds lent in using Kiva
  • 457.2
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A loan of $350 helped Lala to buy powdered milk.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 27, 2011
Listed
Jul 1, 2011
Currency Exchange Loss:
Possible
Ended:
May 27, 2012