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Limanya Group
In this Group: Mariam , Aminata , Korotoumou , Mariam
The four members of the LIMANIYA group are married women who are, on average, 32 years old and have three children. They live mostly in polygamous families in Sanoubougou I, one of the main districts of the city of Sikasso (the third administrative region of Mali).
They are on their third loan with the microfinance institution Soro Yiriwaso with the goal of meeting the demand of their customers.
Mrs. Mariam, seated second from the left, is in the business of buying and selling fabric.
She plans to buy 50 Wax pagnes (brightly colored lengths of cloth) and other types of pagnes of varying quality which she will sell at retail at the main market in Sikasso, as well as within her family to a clientele of men and women, on credit.
She foresees earning an average monthly profit of 25,000 FCFA, a part of which will be used to pay the loan with interest. The rest will go into savings.
View original language description ↓
Les quatre membres du groupe LIMANIYA sont essentiellement des femmes mariées avec une moyenne d’âge de 32 ans, et ont en moyenne 3 enfants. Elles vivent la plupart dans des familles polygamiques à SANOUBOUGOU I, un des quartiers populaires de la ville de Sikasso (3ème région administrative du Mali).
Elles sont à leur quatrième prêt avec l’institution de microfinance Soro Yiriwaso afin de satisfaire le besoin de leur clientèle.
Madame MARIAM assise en deuxième position à partir de la gauche fait commerce de tissus.
Elle compte acheter, 50 pagnes wax et 10 pagnes d’autres qualités qu’elle revendra en détail au grand marché de Sikasso et en famille à une clientèle composée d’hommes et de femmes au comptant.
Elle envisage réaliser un bénéfice mensuel moyen de 25 000FCFA 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
  • 7
    View loans »
    Mali Loans Fundraising
  • $9,897,325
    Funds lent in using Kiva
  • 490.4
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Limanya Group's $1,025 loan helped a member to buy pagnes.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 25, 2011
Listed
Dec 7, 2011
Currency Exchange Loss:
Possible
Ended:
Jun 22, 2012