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Kelegna Group
In this Group: Routie , Koumba, Chata , Ramatou
This group is made up of 4 women who are all married and have an average age of 43 and, on average, 5 children. They live in traditional, extended families with their husbands, co-spouses, brothers and sons in the district of Massablacoura, in Bougouni town. They got to know each other through 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 do business, and are on their 8th loan. The seven previous loans have been properly repaid.

This group of women sells cereals via Routie. She is on the far left in the picture. She buys and sells cereals and plans to use her loan to buy 1500 kgs of corn from the farmers. She makes her sales at the market and at home, for cash or credit, to a retail clientèle composed mainly of women. She expects to make an average monthly profit of 35 000 francs, part of which will be reinvested in her business and part of which will be used to repay the loan.
Le groupe est constitué de 4 femmes toutes mariées ayant une moyenne d’âge de 43 ans et 5 enfants. Elles vivent dans des familles traditionnelles élargies avec leurs maris, coépouses, frères et fils dans le quartier Massablacoura 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 huitième prêt. Les sept précédents prêts ont été correctement remboursés. Ce groupe de femmes fait le commerce de céréales à travers de ROUTIE, elle est la première femme de la gauche vers la droite. Elle fait l’achat vente de céréales et compte acheter avec son prêt, 1500Kg de mais avec les paysans producteurs. Elle effectue ses ventes au marché et à domicile, en détail au comptant et à crédit à une clientèle composée essentiellement de femmes.
Elle envisage réaliser un bénéfice mensuel moyen de 35.000FCFA 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
  • 15
    View loans »
    Mali Loans Fundraising
  • $10,173,725
    Funds lent in using Kiva
  • 508.1
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Kelegna Group's $1,200 loan helped a member to buy cereals.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 20, 2013
Listed
Apr 1, 2013
Currency Exchange Loss:
Possible
Ended:
Oct 17, 2013