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Farafina Lolo Group
In this Group: Kadia , Djeneba , Rokia , Saran , Mamou
The five members of the Farafina Lolo group are married women. They are on average 32 years old with an average of 3 children each. The majority of the members live in monogamous families in the Babema neighborhood of the city of Sikasso.

These women are on their second loan with the microfinance organization Soro Yiriwaso, in the hopes of meeting the needs of their customers.

Kadia is in the soap business in this group of women. She is shown standing in the middle of the photo. She plans on using her portion of the loan proceeds to purchase 3 bags of traditional soap (kabakourouni) and reselling it at retail on site at a market, to a customer base made up mostly of women paying in cash.

Kadia hopes to earn an average monthly profit of 25,000 francs CFA, of which a portion will be used to pay off the loan and interest, and the rest will go toward savings. She hopes to increase her sales in order to better meet the needs of her customers.
View original language description ↓
Les cinq membres du groupe FARAFINA LOLO sont des femmes mariées qui ont une moyenne d’âge de 32 ans et en moyenne 3 enfants. Elles vivent majoritairement dans des familles monogames au quartier BABEMBA de la ville de Sikasso.
Elles sont à leur deuxième prêt à travers le groupe qui évolue avec l’institution de micro finance Soro Yiriwaso, dans le souci de satisfaire le besoin de leur clientèle.
Madame KADIA fait le commerce de savon dans ce groupe de femmes. Elle se tient debout au milieu.
Elle compte acheter avec son prêt, 3 sacs de savon traditionnel (kabakourouni) et revend en détail sur place et au marché à une clientèle composée essentiellement de femmes, au comptant.
Elle envisage réaliser un bénéfice mensuel moyen de 25.000 FCFA dont une partie sera utilisée pour payer le prêt et son intérêt et l’autre pour son épargne.
Elle ambitionne d’augmenter son chiffre d’affaire pour mieux satisfaire sa clientèle.

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

  • $1,100
    Average annual income
  • 20
    View loans »
    Mali Loans Fundraising
  • $11,391,850
    Funds lent in using Kiva
  • 522.4
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD