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Badegna Group
In this Group: Fanta , Mariam , Bintou, Bintou , Batoma S
The BADEGNA group consists of married women who average 29 years of age and four children each. They live in polygamous families in the city of Bougouni, located in the Medina district. They know one another as neighbors and through their trade. They sell food condiments, fruits and vegetables. This is their fifth loan with the microfinance institution Soro Yiriwaso, and all previous loans were repaid without problems.

FANTA is the president of the group. She is sitting at the front in the photo with a basket of fresh tomatoes and cabbage. She will use her loan to purchase 400 kg of fresh tomatoes, 300 kg of cabbage, and various small packets of condiments (fièfiè, pepper, okra powder and Sounbala). She buys her merchandise from wholesalers in Bamako, and she conducts her sales at retail at the big market of Bougouni and from her home, for cash or credit, to a clientele consisting mainly of women.

She expects to earn a monthly profit of 40,000FCFA, part of which is to be used to cover the costs of the children’s healthcare and education, and the remainder to be reinvested in her business.
Le groupe BADEGNA est composé de femmes mariées qui ont une moyenne d’âge de 29 ans et de 4 enfants en moyenne. Elles vivent dans des familles polygames dans la ville de Bougouni, au quartier de Médine.
Elles sont à leur cinquième prêt avec l’institution de microfinance Soro Yiriwaso et tous les précédents ont été correctement remboursés. Elles se sont connues par les liens de voisinage et de commerce. Elles font le commerce de condiments alimentaires et des fruits et légumes.
FANTA, est la présidente du groupe, elle est devant avec a un panier de tomate fraîche contenant un peu de choux, sur son pied.
Elle compte acheter, avec son prêt, 400 kg de tomate fraîche, 300kg de choux et divers petits colis de condiments(fièfiè, poivre, poudre de gombo et de Sounbala). Elle s’approvisionne à Bamako avec les grossistes. Elle vend au grand marché de Bougouni et à domicile à une clientèle composée essentiellement de femmes, en détail, au comptant et à crédit.
Elle compte réaliser un bénéfice mensuel de 40.000FCFA dont une partie sera utilisée pour soutenir les frais de santé et d’éducation des enfants et l’autre partie sera investie dans les activités.

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

  • $1,100
    Average annual income
  • 40
    View loans »
    Mali Loans Fundraising
  • $11,450,100
    Funds lent in using Kiva
  • 504.9
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Badegna Group's $1,250 loan helped a member to buy condiments, fruits and vegetables for resale.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 12, 2012
Listed
Jan 24, 2012
Currency Exchange Loss:
Possible
Ended:
Jul 20, 2012