Check out some available loans that are similar to this one!
Pima Group
In this Group: Mariam , Fatoumata , Djelika , Kadiatou, Awa , Safi , Djeneba
The Pima group is composed of 7 women (6 married, 1 widow) with an average age of 42 and, on average, 5 children. They mostly live in nuclear family environments in the Massabla Coura district of Bougouni town. They got to know each other thanks to neighbourly and business relationships, and friendships. In order to strengthen their financial capacity so that they could better do business, the members of the group decided to join the Soro Yiriwaso microfinance institution and are on their 8th loan. The 7 preceeding loans were correctly repaid. The women in the group sell cereals, clothing and condiments.

Mariam, the group leader and the only woman sitting down, buys and sells cereals such as corn, rice, millet and fonio, as well as groundnuts and beans, etc. She plans to use her loan to buy 1 tonne of rice, 500 kgs of fonio and 500 kgs of groundnuts from the farmers of Bougouni and the surrounding area. She makes her sales at the market and door-to-door to her retail clientèle, made up of men and women, for cash or credit. She expects to make an average monthly profit of 80 000 francs which will be reinvested in her business and used to repay her loan.
Le groupe Pima est composé de sept femmes (6 mariées et 1 veuve) qui ont une moyenne d’âge de 42 ans, 5 enfants et qui vivent majoritairement dans des familles nucléaires dans le quartier Massabla coura de la ville de Bougouni.
Elles se sont connues à travers des liens de voisinage, d’amitié et de commerce. Pour renforcer leur capacité financière afin de mieux faire leur commerce, elles ont adhéré à l’institution de microfinance Soro Yiriwaso avec laquelle elles sont à leur huitième prêt. Les sept précédents prêts ont été correctement remboursés. Ce groupe de femmes fait le commerce de céréales, d’habits et de condiments alimentaires.
MARIAM, qui est la présidente du groupe et la seule assise, fait l’achat vente de céréales : maïs, riz, mil, fonio arachide, haricot, etc.
Elle compte acheter avec son prêt, 1 tonne de riz, 500 kilos de fonio et 500 kilos d’arachide avec les paysans producteurs de Bougouni et environs. Elle effectue ses ventes au marché et à domicile, en détail au comptant et à crédit à une clientèle composée d’hommes et de femmes.
Elle envisage réaliser un bénéfice mensuel moyen de 80.000FCFA qui sera investi dans les activités et rembourser le prêt.

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
  • 33
    View loans »
    Mali Loans Fundraising
  • $11,450,075
    Funds lent in using Kiva
  • 510.7
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD