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Lafia Group
In this Group: Mariam , Abi , Sali , Korotoumou
The 4 members of the Lafia group are married women with an average age of 43 and, on average, 5 children. They mostly live in monogamous families in Lafiabougou, one of the districts of Sikasso town. This is their 4th loan with the microfinance institution Soro Yiriwaso, requested in order to satisfy their customer's needs.

Korotoumou, standing on the far right of the picture, is the Lafia group member who sells charcoal. She plans to use her loan to buy around 30 bags of charcoal in the villages neighbouring Sikasso town, at wholesale prices. She resells the charcoal by the bag, for cash or credit, at the market with her family, to a retail clientèle made up of men and women. She expects to make an average monthly profit of 25 000 francs, part of which will be used to cover the family's daily expenses, and part of which will be used to build up her savings. She aims to increase her revenue and better satisfy her customers.
Les quatre membres du groupe LAFIA sont des femmes mariées avec une moyenne d’âge de 43 ans et en moyenne 5 enfants. Elles vivent la plupart dans des familles monogamiques à Lafiabougou un des quartiers de la ville de Sikasso.
Elles sont à leur quatrième prêt avec l’institution de microfinance Soro Yiriwaso afin de satisfaire le besoin de leur clientèle.
KOROTOUMOU debout 1ère à droite sur la photo fait le commerce du charbon de bois dans ce groupe de femmes LAFIA.
Elle compte acheter avec son prêt une trentaine de sacs de charbon de bois dans les villages avoisinants Sikasso ville à un prix grossiste.
Elle les revend en détail et par sac au comptant et à crédit, au marché et en famille à une clientèle composée d’hommes et de femmes..
Elle envisage réaliser un bénéfice mensuel moyen de 25.000 FCFA dont une partie est utilisée pour les dépenses quotidiennes de la famille 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

  • $1,200
    Average annual income
  • 23
    View loans »
    Mali Loans Fundraising
  • $9,946,875
    Funds lent in using Kiva
  • 500.4
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Lafia Group's $400 loan helped a member to buy charcoal.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 27, 2012
Listed
Dec 5, 2012
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2013