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Badenya Group
In this Group: Fanta , Kadia , Fanta , Salimata , Kadia , Saran , Bassan
Married within polygamous families, the seven women in Badenya group are on average 45 years old with three children. They live in the rural community of Pelengana (4th administrative region of Mali). They know each other as neighbors and relatives. They are in the business of selling condiments, fruits, vegetables and soaps. In an effort to increase their working captial, the group joined Soro Yiriwaso. They are on their 1st round of financing.
Mrs. Bassan (2nd woman standing on the left of the photo) is a seller of fruits and vegetables (bananas, apples, papayas, mangoes…) at the market Chateau in Segou.
She intends to buy six cases of bananas from the sellers at the wholesale market in Segou. She sells on account and on credit from her home and in the market Chateau in Segou to both men and women clients. Mrs. Bassan hopes that with the loan she can earn an average profit of 20,000 cfa francs which will be reinvested in the business and help take care of her family's needs.
View original language description ↓
Mariées majoritairement dans des familles polygamiques, les sept femmes du groupe Badenya ont en moyenne 45 ans et 3 enfants. Elles vivent dans la commune rurale de Pelengana (4ème Région administrative du Mali) et se sont connues à travers des liens de voisinage et de parenté. Les membres du groupe font le petit commerce de condiments, des fruits et légumes et du savon. Dans le but d’augmenter leurs fonds de commerce, les membres du groupe adhère à Soro Yiriwaso et sont à leur 1er cycle de prêt solidaire.
Madame Bassan (2 ème femme en position debout sur la photo de la gauche vers la droite) est une vendeuse des fruits et légumes de toutes les qualités (banane, pomme, orange, papaye, mangue…) au marché château de Ségou. Elle compte utiliser son prêt pour acheter 6 Caisses de banane avec les forains de Koutiala au grand marché de Ségou. La revente se fait au comptant et à crédit à domicile et dans le marché château de Ségou à une clientèle composée d’hommes et de femmes. Madame Bassan compte réaliser avec ce prêt un bénéfice mensuel moyen de 20 000 FCFA qui sera utilisé, pour être réinvesti dans l’activité et assurer le complément de condiments de la famille.

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
  • 129
    View loans »
    Mali Loans Fundraising
  • $11,290,050
    Funds lent in using Kiva
  • 511.5
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Badenya Group's $700 loan helped a member to purchase bananas.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 2, 2012
Listed
Jun 1, 2012
Currency Exchange Loss:
Possible
Ended:
Nov 15, 2012