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Ambekou Group
In this Group: Rokia , Assetou , Fanta , Maïmouna , Bérété , Deneba, Elisabeth
The members of the group Ambekou are all married and average 48 years of age and five children each, living for the most part in nuclear families in the Torakabougou district of Bougouni City. The women know one another through ties of community, friendship, and commerce. To bolster their financial capacity, so as to do better business, they joined the microfinance institution Soro Yiriwaso and are now on their third loan. This group of women does commerce in grains, clothing, basins, kitchen utensils, cooking oil, earrings, and arts & crafts.

Fanta, who is seated in back and laughing with papers in hand, buys and sells grains. She intends to use her loan to purchase 600 kg of corn from peasant farmers in the villages neighboring Bougouni when the fairs take place. She makes her sales retail at the market and from home. She accepts cash or credit from a customer base composed of men and women.

She envisions making an average monthly profit of 22,500 francs CFA that will be used for: investing in her business, covering healthcare costs, and paying back the loan.
View original language description ↓
Les membres du groupe Ambekou qui ont une moyenne d’âge de 48 ans, 5 enfants et tous mariés vivent majoritairement dans des familles nucléaires dans le quartier Torakabougou 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 troisième prêt. Ce groupe de femmes fait le commerce de céréales, d’habits, de tasses, des ustensiles de cuisine, de l’huile alimentaire, des boucles d’oreilles et de l’artisanat.
Fanta, qui est assise derrière entrain de rire et papier en main fait l’achat vente de céréales.
Elle compte acheter avec son prêt, 600 kilos de maïs auprès des paysans des villages voisins de Bougouni, les jours de foires. 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 22.500FCFA qui sera investi dans les activités, pour les frais de santé, de nourriture 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

  • $1,200
    Average annual income
  • 68
    View loans »
    Mali Loans Fundraising
  • $10,809,225
    Funds lent in using Kiva
  • 492.5
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Ambekou Group's $1,075 loan helped a member to purchase grains.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 17, 2013
Listed
Jan 21, 2013
Currency Exchange Loss:
Possible
Ended:
Aug 17, 2013