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Wassa Group
In this Group: Maîchata Wassa , Awa , Adiaratou , Sitan , Lala , Korotoumou , Abi , Natogoma , Djenebou , Sali
The ten members of group Wassa are mainly married women who are on average 30 years old with three children. They live in monogamous families in the city of Sikasso.
In order to satisfy customer demand, they are on their first loan with micro-finance organization Soro Yiriwaso.
Wassa is in the trade of "Wax" and traditionally-woven cloth. She is sitting in the middle. With her loan, she is planning on purchasing 25 pieces of wax cloth from Bamako’s great market. She buys from wholesalers and retails at the great market in Sikasso and in family settings, to a clientele composed of men and women. She takes cash and sometimes offers credit with weekly or monthly payments.
She is counting on an average monthly benefit of 22,500 FCFA, part of which will be used to repay the loan and its interest, with the remainder going towards her savings.
View original language description ↓
Les dix membres du groupe WASSA sont essentiellement des femmes mariées avec une moyenne d’âge de 30 ans, et en moyenne 3 enfants. Elles vivent dans des familles monogames dans la ville de Sikasso.
Elles sont à leur premier prêt avec l’institution de microfinance Soro Yiriwaso afin de satisfaire le besoin de leur clientèle.
WASSA fait le commerce de pagnes wax et de pagnes tissés traditionnellement. Elle est assise au milieu et compte acheter avec son prêt, 25 pièces de pagnes wax au grand marché de Bamako auprès des grossistes et revend au grand marché de Sikasso et en famille à une clientèle composée d’hommes et de femmes, en détail, au comptant et quelques fois à crédit payable hebdomadairement ou mensuellement.
Elle envisage réaliser un bénéfice mensuel moyen de 22 500FCFA dont une partie est utilisée pour payer le prêt et son intérêt et l’autre pour son épargne.

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
  • 12
    View loans »
    Mali Loans Fundraising
  • $10,215,175
    Funds lent in using Kiva
  • 466.5
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Wassa Group's $1,075 loan helped a member to buy "wax" cloth.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 15, 2011
Listed
Oct 1, 2011
Currency Exchange Loss:
Possible
Ended:
Apr 21, 2012