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Faïda Group
In this Group: Nachitan , Mariam , Bayo , Djenebou
The four members of the group FAÏDA are married women averaging 37 years of age and three children each. The women live in polygamous families in NOUMOUSSO, a working-class district in Kadiolo City (3rd administrative region of the Republic of Mali). They are on their third loan with the microfinance institution Soro Yiriwaso to satisfy the needs of their customers. The past loans were correctly paid back.

MARIAM, who is sitting first from the right in the photo, sells Wax and Real 'pagnes' (the colorful cloth of western Africa). She gets her supplies from Cote d'Ivoire from wholesalers and often from the big market in town on market days. She sells them retail for cash to a customer base composed of men and women at the market and at home.

She envisions making an average monthly profit of 32,750 francs CFA. Part of the profits is used for repaying the loan and the interest on it, and the other part is for her savings.
View original language description ↓
Les quatre membres du groupe FAÏDA sont des femmes mariées avec une moyenne d’âge de 37 ans, et en moyenne 3 enfants. Elles vivent la plupart dans des familles polygamiques à NOUMOUSSO un des quartiers populaires de la ville de KADIOLO (3ème région administrative du Mali).
Elles sont à leur troisième prêt avec l’institution de microfinance Soro Yiriwaso afin de satisfaire le besoin de leur clientèle. Les prêts antérieurs ont été correctement remboursés.
MARIAM assise 1ère à droite sur la photo fait la vente de pagnes wax et real dans ce groupe de femmes FAÏDA.
Elle compte acheter avec son prêt six pièces de pagnes wax et réal. Elle s’approvisionne en Côte d’Ivoire auprès des grossistes et souvent au grand marché de la ville, les jours de foire.
Elle vend au marché et en famille à une clientèle composée d’hommes et de femmes au comptant en détail.
Elle envisage réaliser un bénéfice mensuel moyen de 32.750 FCFA dont une partie est utilisée pour payer le prêt et son intérêt et l’autre pour son épargne.

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
  • 26
    View loans »
    Mali Loans Fundraising
  • $11,391,900
    Funds lent in using Kiva
  • 505.3
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Faïda Group's $800 loan helped a member to purchase 'pagnes' (the colorful cloth of western Africa).
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 20, 2012
Listed
Nov 27, 2012
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2013