Check out some available loans that are similar to this one!
Allamine Group
In this Group: Kotie , Mariam, Anna , Djeneba, Haby
ALLAMINE is a group in the association BENKADI de TIELE. It comprises five women who know one another through ties of kinship and community. The women average 35 years of age, are married, and are mothers with at least five children, and they run different businesses, such as selling condiments, 'pagnes' (the colorful cloth of western Africa), and food service, as is the case with KOTIE, who is standing first from the left in the photo. The women live in large traditional families in TIELE, in the Prefecture of Kati (Region of Koulikoro, Republic of Mali). They have been operating in small-scale commerce for several years and are much in demand in their businesses.

Concerned about satisfying the growing needs of their customers, the group members decided to join the Soro Yiriwaso loan program three years ago. They are now on their fifth solidarity loan.

KOTIE, who is the group's president and well-known in TIELE, excels in the restaurant business. She intends to use her loan to purchase a few sacks of rice and some condiments of various types (black pepper, tomatoes, onions, cabbage, Maggi cubes). She gets her supplies in Bamako and locally from wholesalers, and she makes her sales retail, cash or credit, to a customer base composed of men and women.

She is hoping for a monthly profit of 50,000 francs CFA that will enable her to repay the loan and to reinvest in her business.
View original language description ↓
ALLAMINE est un groupe de l’association BENKADI de TIELE. Il regroupe 5 femmes qui se sont connues à travers des liens de parenté et de voisinage. Elles ont une moyenne d’âge de 35 ans. Mariées et mère d’au moins cinq enfants, elles mènent différentes activités telles l’achat vente de condiments, de pagnes et de la restauration à l’image de KOTIE qui est la première personne debout de la gauche vers la droite de la photo. Elles vivent dans des grandes familles traditionnelles à TIELE dans la préfecture de Kati (Région de Koulikoro, République du Mali).
Elles sont dans le petit commerce depuis plusieurs années et sont très sollicitées dans leurs activités.
Dans le souci de satisfaire le besoin croissant de leur clientèle, les membres du groupe ont décidé d’intégrer le programme crédit de Soro Yiriwaso il y a trois ans. Elles sont à leur cinquième prêt solidaire.
KOTIE, qui est la présidente du groupe et très connue à TIELE, excelle dans la restauration. Elle compte utiliser son prêt pour acheter, quelques sacs de riz et de condiments alimentaires de différentes sortes (poivre, tomate, oignon, choux, et cube Maggi.). Elle s’approvisionne à Bamako et sur place auprès des grossistes et vend ses aliments à TIELE, en détail, au comptant et à crédit, à une clientèle composée d’hommes et de femmes.
Elle espère sur un bénéfice mensuel de 50.000FCFA somme qui lui permettra de rembourser le prêt et de réinvestir dans son activité.

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
  • 133
    View loans »
    Mali Loans Fundraising
  • $11,272,850
    Funds lent in using Kiva
  • 523.2
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Allamine Group's $1,200 loan helped a member to purchase ingredients for her restaurant.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 2, 2012
Listed
Oct 1, 2012
Currency Exchange Loss:
Possible
Ended:
Feb 15, 2013