Check out some available loans that are similar to this one!
Faida Group
In this Group: Maladon , Awa , Minata, Kadia
FAIDA is a group from the association BENKAN de OUELESSEBOUGOU. It comprises four women who know one another through ties of kinship and community. Their average age is 25. They are married, have three children on average, and operate different businesses, such as buying and selling condiments and grains, as does MALADON, who is standing at the left in the photo. The women live in large traditional families in OUELESSEBOUGOU, in the prefecture of Kati (Region of Koulikoro, Republic of Mali). They have been working in small-scale commerce for several years and are much in demand in their businesses.

Concerned about meeting the growing need of their customers, the group members decided to join the loan program of the microfinance institution Soro Yiriwaso a year ago. They are now on their second solidarity loan.

MALADON, who is the group's president and well-known in OUELESSEBOUGOU, excels in selling grains. She intends to use her loan to purchase 3 sacks of millet, 2 sacks of corn, and a sack of peanuts. She gets her supplies in and around OUELESSEBOUGOU. Accepting cash or credit, she sells her grains retail in OUELESSEBOUGOU to a customer base composed of men and women.

She is hoping for a monthly profit of 20,000 francs CFA, which will enable her to repay the loan and to reinvest in her business.
View original language description ↓
FAIDA est un groupe de l’association BENKAN de OUELESSEBOUGOU. Il regroupe 4 femmes qui se sont connues à travers des liens de parenté et de voisinage. Elles ont une moyenne d’âge de 25 ans. Mariées avec en moyenne trois enfants, elles mènent différentes activités telles l’achat vente de condiments et de céréales à l’image de MALADON qui est la personne arrêtée de la gauche vers la droite de la photo. Elles vivent dans des grandes familles traditionnelles à OUELESSEBOUGOU 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 un an. Elles sont à leur deuxième prêt solidaire.
MALADON, qui est la présidente du groupe et très connue à OUELESSEBOUGOU, excelle dans la vente de céréales. Elle compte utiliser son prêt pour acheter 3 sacs de mil, 2 sacs de maïs et 1 sac d’arachide Elle s’approvisionne à OUELESSEBOUGOU et environnant et vend ses céréales à OUELESSEBOUGOU, 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

  • $1,100
    Average annual income
  • 29
    View loans »
    Mali Loans Fundraising
  • $11,391,925
    Funds lent in using Kiva
  • 505.3
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD