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Farakognouman Group
In this Group: Ami , Maimouna , Koumba , Fatoumata , Maimouna , Aminata , Aby
Married for the most part in polygamous families, the members of this group decided to collaborate with the microfinance institution Soro Yiriwaso and are now on their fifth solidarity loan after having properly repaid the four previous ones.

Ms. Ami (third from the left in the photo) is a retailer of fruit and vegetables. She is in high demand and much appreciated for the quality of her goods. She intends to use her loan to buy 3 boxes of avocados, 2 boxes of green beans, a basket of cabbages and carrots, and a box of raisins. She gets her supplies from the merchants who come from Sikasso, and she makes her sales retail and for cash. Her customers are composed of men and women in and around Koury City.

With this loan, Ms. Ami hopes to make an average monthly profit 45,000 francs CFA that will be used for reinvesting in her business and meeting certain household needs.
View original language description ↓
Mariées majoritairement dans des familles polygames, les 7 femmes du groupe Farakognouman ont en moyenne 35 ans et 4 enfants. Elles habitent toutes dans la ville de Koury région de Sikasso (3ème région administrative du Mali) et se sont connues à travers des liens de voisinage, de parenté et de leurs activités professionnelles. Elles font l’achat et la vente de lait, d’articles divers, du poisson de la glace, de céréales(mil), des fruits et légumes et de la restauration.
Dans le but d’augmenter leurs fonds de commerce, les membres du groupe ont décidé de collaborer avec Soro Yiriwaso et sont à leur 5 eme prêt solidaire, après avoir correctement remboursés les 4 précédents.
Madame, Ami (troisième de la gauche vers la droite sur la photo) est une vendeuse de fruits et légumes. Elle est très sollicitée et appréciée pour la qualité de ses articles.
Elle compte utiliser son prêt pour acheter, 3 cartons de avocat, 2 cartons de haricot vert, 1 panier de chou et de carottes et 1 carton de raisin séché. Elle s’approvisionne auprès des commerçants venant de Sikasso et effectue ses ventes, en détail, au comptant, à une clientèle composée d’hommes et de femmes dans la ville de Koury et environs.
Avec ce prêt, Madame Ami espère réaliser un bénéfice mensuel moyen de 45.000 FCFA qui sera utilisé pour être réinvesti dans l’activité et prendre en charge certains besoins du foyer.

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
  • 21
    View loans »
    Mali Loans Fundraising
  • $9,975,475
    Funds lent in using Kiva
  • 503.7
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Farakognouman Group's $1,400 loan helped a member to buy fruit and vegetables.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 11, 2012
Listed
May 1, 2012
Currency Exchange Loss:
Possible
Ended:
Oct 15, 2012