Check out some available loans that are similar to this one!
Lafia Group
In this Group: Doma Dite Bah , Fadi , Fatoumata , Fatoumata Tayini , Fatoumata , Madeleine , Aminata
The group Lafia comprises seven women who are married for the most part and monogamous. The women average 34 years of age and three children each. They all live in Segou City (4th administrative region of the Republic of Mali) and know one another through ties of community, kinship, and their revenue-generating businesses. They have small-scale businesses involving clothing, secondhand clothing, fish, and peanuts.

With the goal of consolidating their small businesses, the group members decided to collaborate with the microfinance institution Soro Yiriwaso and are now on their first solidarity loan cycle.

Ms. Fatoumata (second women standing from the left in the photo) is a major vendor of clothing of all sorts. She gets her supplies from a supplier in Bamako. She intends to use her loan to purchase a bale of secondhand clothing. Sales are made in cash or on credit in Segou City, locally, and by going door to door. Her customer base is composed of men and women.

Ms. Fatoumata plans on making an average monthly profit of 25,000 francs CFA that will be reinvested in her business and used to ensure her children's care.
View original language description ↓
Le groupe Lafia est composé de sept femmes qui sont majoritairement des mariées et monogames. Elles ont en moyenne 34 ans et 3 enfants. Elles habitent toutes dans la ville de Ségou (4ème Région administrative du Mali) et se sont connues à travers des liens de voisinage et de parenté et leurs activités génératrices de revenu. Elles font le petit commerce d’habit, de friperie, de poissons, et d’arachide. Dans le but de consolider leur petit commerce, les membres du groupe ont décidé de collaborer avec Soro Yiriwaso et sont à leur 1er cycle de prêt solidaire.
Madame Fatoumata (2ème femme debout de la gauche vers la droite sur la photo) est une grande vendeuse d’habits de toutes sortes et elle s’approvisionnant chez son fournisseur à Bamako. Elle compte utiliser son prêt pour acheter une balle de friperie (habits). La revente se fait au comptant et à crédit dans la ville de Ségou sur place et en ambulant à une clientèle composée d’hommes et de femmes. Madame Fatoumata compte réaliser un bénéfice mensuel moyen de 25 000 FCFA, qui sera investi dans l’activité et assurer l’entretien des enfants.

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
  • 56
    View loans »
    Mali Loans Fundraising
  • $10,440,150
    Funds lent in using Kiva
  • 508.9
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Lafia Group's $700 loan helped a member to purchase secondhand clothing to sell.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 15, 2013
Listed
May 21, 2013
Currency Exchange Loss:
Possible
Ended:
Nov 17, 2013