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Allakandeme Group
In this Group: Noumousso , Mamine , Mah , Balakissa , Sitan
Allakademe is a group of five women who are, on average, 44 years old and have six children. They all live in traditional families in Bounounkobougou, one of the districts of the city of Yanfolila (the third administrative region of Mali).
They have taken out their eighth joint loan with the microfinance institution Soro Yiriwaso in order to meet the demand of their customers. Along with Noumousso, these women are in the business of selling fried fish and cereals, and food service.
Noumousso, with a fish and a frying pan in her hand, plans to buy 100 kg. of flour, 20 kg. of fish, and 30 liters of oil with her loan. She gets her supplies at the main market in Yanfolila from wholesalers. She makes her sales at the market in Yanfolila and from home to a clientele composed mainly of women and children, at retail, for cash and on credit, payable daily or weekly.
She foresees making an average monthly profit of 32,000 FCFA. A part of this will be used to assist her husband with daily expenses and the rest will be reinvested in her business.
View original language description ↓
Allakademe est un regroupement de 5 femmes ayant en moyenne 44 ans, 6 enfants et vivant dans des familles traditionnelles à Bounounkobougou, un des quartiers de la ville de Yanfolila (3ème région administrative du Mali).
Elles sont à leur huitième collaboration avec l’institution de microfinance Soro Yiriwaso afin de satisfaire le besoin de leur clientèle. Ce groupe de femmes fait le commerce de beignet au poisson avec Noumousso , de la restauration et de la vente de céréales.
Noumousso, avec un poisson et une poêle en main compte acheter avec son prêt 100kg de farine, 20kg de poissons, 30litres d’huile. Elle s’approvisionne au grand marché de YANFOLILA.auprès des grossistes. Elle effectue sa vente au marché de YANFOLILA et à domicile à une clientèle composée essentiellement de femmes et d’enfants, en détail, au comptant et à crédit payable journalièrement ou hebdomadairement.
Elle envisage réaliser un bénéfice mensuel moyen de 32.000.FCFA dont une partie sera utilisée pour l’appui de son mari dans les dépenses quotidiennes 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

  • $1,200
    Average annual income
  • 75
    View loans »
    Mali Loans Fundraising
  • $10,874,800
    Funds lent in using Kiva
  • 499.2
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Allakandeme Group's $1,025 loan helped a member to buy ingredients for preparing fried fish.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 20, 2012
Listed
Mar 8, 2012
Currency Exchange Loss:
Possible
Ended:
Sep 15, 2012