Check out some available loans that are similar to this one!
Benkan Group
In this Group: Maimouna , Fatoumata , Astan , Sitan
The four group members are married women living for the most part in extended traditional families. They average 43 years of age and six children each. They all live in the district of Lafiabougou in the city of San, region of Segou (4th administrative region of Mali). They know one another as neighbors and colleagues, and through ties of kinship. They buy and sell clothing, vegetables, and fish, and they provide restaurant services.

They joined the microfinance institution Soro Yiriwaso to meet the needs of a growing and demanding customer base, and are now seeking their 11th group loan. The past ten loans were correctly repaid.

Mrs. Maïmouna is the group’s president. She is the one standing second from the left with a scarf on her head). She is an expert at selling rich bazin fabric (a type of damask) and wax pagnes (colorful west-African cloth). She is in high demand in the neighborhood and at the big market.

She will use her loan to buy 50 pieces of wax pagnes and 4 pieces of rich bazin in Bamako. She sells at retail to a mixt clientele, for cash and on credit.

With this loan, Mrs. Maïmouna expects to earn an average monthly profit of 46,000FCFA, which she will use to reinvest in her activity and to help her spouse with the household expenses.
Mariées majoritairement dans des familles traditionnelles élargies, les quatre femmes du groupe ont en moyenne 43 ans et 6 enfants. Elles habitent toutes le quartier Lafiabougou de la ville de San, dans la région de Ségou (4ème région administrative du Mali) et se sont connues à travers des liens de voisinage, de leurs activités professionnelles et de parenté. Elles font l’achat et la vente de légumes, d’habits de poissons et de la restauration.
Dans le but de satisfaire le besoin de leurs clientèles de plus en plus nombreuses et exigeantes, les membres du groupe ont décidé d’intégrer le programme crédit de Soro Yiriwaso et sont à leur onzième prêt solidaire, après avoir correctement remboursés les dix précédents.
Madame, Maïmouna présidente de l’association (2 eme debout avec un mouchoir sur la tête) excelle la vente de bazin riche et wax. Elle est très sollicitée dans le quartier et au grand marché.
Elle compte utiliser son prêt pour acheter, 50 pièces de wax ,4 pièces de bazin riches à Bamako. Elle effectue ses ventes au comptant, en détail et à crédit à une clientèle mixtes.
Avec ce prêt, Madame Maïmouna espère réaliser un bénéfice mensuel moyen de 46000 FCFA qui sera utilisé pour être réinvesti dans l’activité et aider son conjoint dans la prise en charge des besoins du foyer.

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
  • 4
    View loans »
    Mali Loans Fundraising
  • $11,612,200
    Funds lent in using Kiva
  • 511.1
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD