Check out some available loans that are similar to this one!
Bolodobolo Group
In this Group: Kadia , Fatoumata, Lala , Kadia , Djeneba, Minata
Bolodobolo is a group in the association BENKADI de TIELE Il. It comprises six women who know one another through ties of kinship and community. The women average 40 years of age, are married, and are mothers with at least six children, and they run different businesses, such as buying and selling clothing and soap, as is the case with KADIA, who is second from the right 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 two years ago. They are now on their third solidarity loan.

KADIA, who is the group's president and well-known in TIELE, excels in selling soaps. She intends to use her loan to purchase 50 boxes of soap. She gets her supplies in Bamako from wholesalers, and she sells her supplies retail, cash or credit, to a customer base composed of men and women.

She is hoping for a monthly profit of 20,000 francs CFA that will enable her to repay the loan and to reinvest in her business.
View original language description ↓
Bolodobolo est un groupe de l’association BENKADI de TIELE. Il regroupe 6 femmes qui se sont connues à travers des liens de parenté et de voisinage. Elles ont une moyenne d’âge de 40 ans. Mariées et mères d’au moins six enfants, elles mènent différentes activités telles l’achat vente de d’habits et de savon à l’image de KADIA qui est la 2 eme de la droite vers la gauche. 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 deux ans. Elles sont à leur troisième prêt solidaire.
KADIA, qui est la présidente du groupe et très connue à TIELE, excelle dans la vente de savon. Elle compte utiliser son prêt pour acheter 50 cartons de savon. Elle s’approvisionne à Bamako 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 20.000FCFA 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
  • 86
    View loans »
    Mali Loans Fundraising
  • $10,910,925
    Funds lent in using Kiva
  • 523.2
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Bolodobolo Group's $875 loan helped a member to purchase soap to sell.
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