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Allakan Soutra Group
In this Group: Mariam , N’Gna , Korotoumou , Salimata
The four members of the ALLAKAN SOUTRA group are married women who are on average 34 years old and have three children each. Most of them live in polygamous families in Million Kin, one of the working-class neighborhoods of the town of Loulouni. In order to meet their customers' needs, the members of the group are requesting a third loan from the Soro Yiriwaso micro-finance institution. Previous loans were properly repaid. Mariam, the first woman from the right in the photo, sells condiments. She is quite well-known in her field and is a very popular seller. She plans to use this loan to buy 25 kilos of rock salt, 2 boxes of Maggi cubes, one twenty-liter container and 3 packets of garlic. She buys her supplies in Sikasso and in Loulouni on market days. She sells her merchandise for retail to her family and at the Loulouni market, on market days. Her customers are mostly women who pay her in cash, often on credit. Mariam is expecting average monthly profits to reach 31,250 CFA francs, part of which will be used to pay off her loan and the interests, while the rest will go into savings.
View original language description ↓
Les quatre membres du groupe ALLAKAN SOUTRA sont des femmes mariées ayant une moyenne d’âge de 34 ans, 3 enfants et vivant la plupart dans des familles polygames à MILLION KIN, un des quartiers populaires de la ville de LOULOUNI.
Elles sont à leur troisième prêt avec l’institution de microfinance Soro Yiriwaso afin de satisfaire le besoin de leur clientèle. Les prêts antérieures se sont bien dénoués.
MARIAM 1ère à droite sur la photo fait le commerce de condiments alimentaires dans ce groupe de femmes ALLAKAN SOUTRA, sa renommée en la matière fait d’elle une vendeuse très sollicitée.
Elle compte acheter avec son prêt, 25kg de sel gemme, 2 cartons de cube magie, 1 bidon de 20 litres, 3 paquets de l’ail. Elle s’approvisionne à LOULOUNI les jours de foires et à Sikasso ville.
Elle les revend en détail, dans sa famille et les jours de foires au marché de la ville de LOULOUNI à une clientèle composée essentiellement de femmes au comptant souvent à crédit .
Elle envisage réaliser un bénéfice mensuel moyen de 31.250FCFA 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
  • 68
    View loans »
    Mali Loans Fundraising
  • $10,809,225
    Funds lent in using Kiva
  • 518.5
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Allakan Soutra Group's $975 loan helped a member to buy condiments.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 6, 2012
Listed
Jan 17, 2012
Currency Exchange Loss:
Possible
Ended:
Jul 16, 2012