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Yeredon Group
In this Group: Gougne , N’Gnine , Deriba , Konimba
The Yeredon group is made up of 4 women who are all married and have an average age of 41 and, on average, 3 children. They all live in traditional families in Méridièla, one of the villages in the Bougouni Circle. They got to know each other thanks to neighbourly and professional relationships, and friendships. They joined the Soro Yiriwaso microfinance institution in order to strengthen their financial capacity so that they could better run their businesses and are on their 9th loan. The previous loans have been properly repaid. This group of women sells cereals, doughnuts and prepared food.

Konimba, who is standing and holding paperwork in the photo, prepares and sells doughnuts. She plans to use her loan to buy 10 bags of millet, one bag of sugar and some small packets of spices from the Bougouni wholesalers. She makes her sales at the Méridièla market, at the markets of the surrounding villages and door-to-door, for cash or credit to a retail clientèle composed of men and women. She expects to make an average monthly profit of 95 000 francs, which will be reinvested in her business and used to repay the loan.
Le groupe Yeredon est constitué de 4 femmes toutes mariées ayant une moyenne d’âge de 41 ans et 3 enfants. Elles vivent toutes dans des familles traditionnelles à Méridièla, un des villages du cercle de Bougouni.
Elles se sont connues à travers des liens de voisinage, d’amitié et de commerce. Afin de renforcer leurs capacités financières pour de mieux faire leurs commerces, elles ont adhérés à l’institution de microfinance Soro Yiriwaso avec laquelle elles sont à leur neuvième prêt. Les précédents prêts ont été correctement remboursés. Ce groupe de femmes fait le commerce de céréales, de beignets et de la restauration.
Konimba debout papier en main, fait de la préparation vente de beignets. Elle compte acheter avec son prêt, 10 sacs de mil, 1 sac de sucre et quelques petits sachets d’épices auprès des grossistes de Bougouni. Elle effectue ses ventes au marché de Méridièla, dans les foires des villages environnants 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 95.000FCFA qui sera investi dans les activités 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
  • 29
    View loans »
    Mali Loans Fundraising
  • $10,710,275
    Funds lent in using Kiva
  • 497.4
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Yeredon Group's $1,625 loan helped a member to buy ingredients with which to make doughnuts.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 19, 2013
Listed
Feb 26, 2013
Currency Exchange Loss:
Possible
Ended:
Sep 17, 2013