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Fasodeme Group
In this Group: Mariam , Monic , Sali, Adiara , Afou , Nassan
The six members of the Fasodeme group are married women who are on average 34 years old with three children. They live mostly in polygamous families in Ouayerma I, one of the working-class neighborhoods of the city of Sikasso.

They are on their first loan with the Soro Yiriwaso micro-finance institution, seeking to meet the needs of their customers.
Adiara, the only woman sitting, is active as a soap trader in the Fasodeme group.

She intends to use the loan to buy a dozen cartons of soap (both beauty and traditional for clothes and dish-washing). She gets her supplies from wholesalers at the general market in Sikasso. She retails them for cash at the Ouayerma market, as an itinerant vendor and from her home to both women and men customers.

She expects average monthly profits to attain 17,500 FCFA, part of which will be used to pay off the loan and interest, and the rest put into savings. She aims to increase her turnover to better satisfy her customers.
View original language description ↓
Les six membres du groupe FASODEME sont des femmes mariées avec une moyenne d’âge de 34 ans, et en moyenne 3 enfants. Elles vivent la plupart dans des familles polygamiques à Ouayerma I, un des quartiers populaires de 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.
ADIARA, la seule assise, fait le commerce de savons dans ce groupe de femmes FASODEME.
Elle compte acheter avec son prêt, une dizaine de cartons de savons (toilette et traditionnels pour le linge – la vaisselle). Elle s’approvisionne au grand marché de Sikasso chez les grossistes. Elle les revend au marché de Ouayerma de façon ambulante et en famille à une clientèle composée d’hommes et de femmes, au comptant.
Elle envisage réaliser un bénéfice mensuel moyen de 17.500FCFA dont une partie est utilisée pour payer le prêt et son intérêt et l’autre pour son épargne.
Elle ambitionne d’augmenter son chiffre d’affaire pour mieux satisfaire sa clientèle.

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
  • 34
    View loans »
    Mali Loans Fundraising
  • $10,710,275
    Funds lent in using Kiva
  • 490.4
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Fasodeme Group's $625 loan helped a member buy soap.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 15, 2011
Listed
Dec 6, 2011
Currency Exchange Loss:
Possible
Ended:
Jun 15, 2012