Check out some available loans that are similar to this one!
Wasso Magni Group
In this Group: Alimata , Yama , Nènè , Sirantou , Sitan , Yah
The majority of the six women of the Wasso Magni group are married and living in monogamous families. They average 43 years of age with three children each. They all live in the village of Kolotomo in Ségou (Mali's fourth administrative region) and got to know each other via neighbors, marriage and relatives. The group members buy and sell firewood, corn, couscous and local industrial shea butter-based soaps. With a view to increasing their working capital, the group members joined Soro Yiriwso and are on their first group loan.

Allimata (standing on the far left of the photo) is a significant seller of firewood in the village of Kolotomo. She is planning to use her loan to buy 20 barrowloads of firewood from the village peasants. She resells it for cash and on credit in the various districts of Ségou to a customer base made up of men and women. With this loan Alimata is expecting to make an average monthly profit of 20,000FCFA, which will be used to reinvest in her business and provide for condiments in her household.
View original language description ↓
Les six femmes du groupe Wasso Magni sont mariées majoritairement dans des familles monogamiques. Elles ont en moyenne 43 ans et 3 enfants par femme. Elles habitent toutes dans le village de Kolotomo, cercle de Ségou (4ème Région administrative du Mali) et se sont connues à travers des liens de voisinage, de mariage et de parenté. Les membres du groupe font l’achat et la vente du bois de chauffe, du maïs, du couscous, du savon local à base du beurre de karité et industriel. Dans le but d’augmenter leurs fonds de commerce, les membres du groupe ont adhéré à Soro Yiriwaso et sont à leur 1er cycle de prêt solidaire.
Madame Alimata (1ère femme en position debout sur la photo de la gauche vers la droite) est une grande vendeuse du bois de chauffe dans le village de Kolotomo. Elle compte utiliser son prêt pour acheter, 20 chargements de charrettes de bois de chauffe avec les paysans du village. La revente se fait au comptant et à crédit dans les quartiers de Ségou à une clientèle composée d’hommes et de femmes. Madame Alimata compte réaliser avec ce prêt un bénéfice mensuel moyen de 20 000 FCFA qui sera utilisé, pour être réinvesti dans l’activité et assurer les besoins du foyer en condiments.

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
  • 35
    View loans »
    Mali Loans Fundraising
  • $10,710,275
    Funds lent in using Kiva
  • 517.3
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Wasso Magni Group's $600 loan helped a member to buy firewood.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 2, 2012
Listed
Jul 1, 2012
Currency Exchange Loss:
Possible
Ended:
Nov 15, 2012