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Barra Group
In this Group: Djénéba , Kiatou , Kiatou , Koura
All of them married, the women of the group Barra average 33 years of age and two 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 cosmetics, clothing, earrings, perfumes, shoes, and arts & crafts.

Djénéba, who is seated in front in the photo with papers in hand, buys and sells shoes. She intends to use her loan to purchase 250 pairs of shoes of different kinds from Bougouni wholesalers. 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 20,000 francs CFA that will be used for: investing in her business, covering healthcare costs, and paying back the loan.
View original language description ↓
Toutes mariées les femmes du groupe Barra qui ont une moyenne d’âge de 33 ans et 2 enfants 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 cosmétiques, d’habits, de boucles d’oreilles, de parfums,de chaussures et de l’artisanat.
Djénéba, qui est assise devant papier en main fait l’achat vente de chaussures.
Elle compte acheter avec son prêt, 250 paires de chaussures de différentes sortes auprès des grossistes de Bougouni. 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 20.000FCFA qui sera investi dans les activités, pour les frais de santé 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
  • 30
    View loans »
    Mali Loans Fundraising
  • $10,386,300
    Funds lent in using Kiva
  • 492.5
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Barra Group's $625 loan helped a member to purchase shoes.
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