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Yeredon  A Group
In this Group: Satou , Sali , Fatoumata , Elize , Mariam Madou , Sitan , Bassitan , Kadiatou , Alimata , Wassa Amadou
The YEREDON A group is made up of married women who are, on average, 33 years old. These women also have an average of four children each and they all live in polygamous families in Foh, one of the villages of the Sikasso Cercle (third administrative region of Mali).

They have joined the microfinance institution Soro Yiriwaso in order to pursue their farming activities during the rainy season. This is their sixth loan with this institution, and all previous loans have been duly repaid.

The featured borrower, Satou, grows sorghum. In the photo, she is in the middle of the standing row. She plans to use her loan to pay for plowing and to buy fertilizers to cultivate 3.7 acres of land. After the harvest, she sells her crop in her village and at the Sikasso market. Her customers are both men and women.

She is expecting to make an average profit of 155,000 CFA francs per farming season. This profit will allow her to repay her loan and to help her husband cover the daily expenses.
View original language description ↓
Les membres du groupe YEREDON A sont des femmes mariées ayant une moyenne d’âge de 33 ans, 4 enfants et vivant toutes dans des familles polygames à FOH, un des villages de SIKASSO, 3ème région administrative du Mali.
Elles collaborent avec l’institution de microfinance Soro Yiriwaso afin de mener à bien leurs activités agricoles pendant l’hivernage.
Elles sont à leur sixième prêt avec l’institution, les prêts passés ont été bien remboursés.
La spéculation cultivée est : le sorgho avec SATOU debout au milieu.
Avec son prêt, elle compte payer les frais de labour et les engrais pour entretenir : 1,5 hectare.
La production est vendue au niveau du village, au marché de SIKASSO après la récolte à une clientèle composée d’hommes et de femmes.
Elle compte réaliser un bénéfice moyen de 155.000 FCFA par campagne.
Ce bénéfice lui permettra de payer son prêt et aussi d’aider son mari dans les dépenses quotidiennes.

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
  • 33
    View loans »
    Mali Loans Fundraising
  • $10,386,300
    Funds lent in using Kiva
  • 504.0
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Yeredon A Group's $1,675 loan helped a member to buy farming inputs and pay for plowing.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
May 7, 2013
Listed
May 15, 2013
Currency Exchange Loss:
Possible
Ended:
Apr 16, 2014