Check out some available loans that are similar to this one!
Yèrèdon Group
In this Group: Maimouna , Adjarata , Sitan , Mayama , N’Da , Aminata , Bintou , Sadio , Mah
Married into mostly monogamous families, the nine women who form the Yèrèdon group are, on average, 39 years old and have four children. They all live in the village of Massala in the region of Ségou (4th largest region in Mali) and know each other from family and community links, as well as through their business activities in the neighborhood. The members work together to sell spaghetti, local juices and peanuts. In order to increase their commercial activity, the group have become members of the microfinance institution Soro Yiriwaso and are asking for their second loan. Mrs. Maimouna (seen in the photo as woman sitting down all the way to the left) has a strong reputation for selling food pastas in the village and surrounding areas. She plans to use the loan to purchase 10 bags of spaghetti from a bulk market in Ségou. She re-sells the products both through credit and cash from home to home, at the local markets in her village and the surrounding villages to a customer base mostly comprised of women. She hopes to have a monthly profit of 45,000 FCFA [approximately 80 USD] which she will reinvest in her business and take care of the needs of her children. She hopes to become a bulk seller herself of these products with this help from Soro Yiriwaso.
View original language description ↓
Mariées majoritairement dans des familles monogames, les neuf femmes du groupe Yèrèdon ont en moyenne 39 ans et 4 enfants par femme. Elles habitent toutes dans le village de Massala chef lieu de commune rurale dans la région de Ségou (4ème Région administrative du Mali) et se sont connues à travers des liens de parenté, de voisinage et de leurs activités génératrices de revenu dans la foire du village. Les membres du groupe font le petit commerce de Spaghettis, de jus locaux et d’arachide. Dans le but d’augmenter leurs fonds de commerce, les membres du groupe ont adhéré à l’institution de microfinance Soro Yiriwaso et sont à leur 2ème cycle de prêt solidaire.
Madame Maimouna (1ère femme assise de la gauche vers la droite sur la photo) a une grande réputation dans la vente des pâtes alimentaires dans le village et ses environnants. Elle compte utiliser son prêt pour acheter 10 sacs de spaghettis en gros au grand marché de Ségou. La revente se fait au comptant et à crédit à domicile, à la foire du village et dans les villages environnants à une clientèle composée majoritairement de femmes. Madame Maimouna compte réaliser avec ce prêt un bénéfice mensuel moyen de 45 000 FCFA qui sera utilisé, pour être réinvesti dans l’activité et assurer l’entretien de ses enfants. Elle a pour ambition de devenir grossiste dans son activité avec ce partenariat avec Soro Yiriwaso.

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
  • 10
    View loans »
    Mali Loans Fundraising
  • $10,386,300
    Funds lent in using Kiva
  • 500.9
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Yèrèdon Group's $1,800 loan helped a member purchase spaghetti.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 23, 2012
Listed
Apr 10, 2012
Currency Exchange Loss:
Possible
Ended:
Oct 15, 2012