Check out some available loans that are similar to this one!
Baara Group
In this Group: Mamou, Mariam , Minata, Maïmouna, Fatoumata
The Timinandia group is made up of 5 women who are all married and have an average age of 37 and, on average, 3 children. They mostly live in traditional families in the district of Heremakono Nord, Bougouni town. They got to know each other through neighbourly and business relationships and friendships. They joined the Soro Yiriwaso microfinance institution in order to strengthen their financial capacity so that they can better do business, and are on their 5th loan. This group of women sells soap, like Mariam who is the only woman sitting down. She plans to use her loan to buy 15 boxes of soap from the local wholesalers. She makes her sales at the market and door-to-door for cash and occasionally credit to a clientèle composed of men and women. She expects to make an average monthly profit of 42 000 francs which she will reinvest in her business and use to repay the loan.
Le groupe Timinandia est constitué de 5 femmes toutes mariées, qui ont une moyenne d’âge de 37 ans et 3 enfants. Elles vivent majoritairement dans des familles traditionnelles dans le quartier Heremakono Nord de la ville de Bougouni.
Elles se sont connues à travers des liens de voisinage, d’amitié et de commerce. Pour renforcer leurs capacités financières afin de mieux faire leur commerce, elles ont adhéré à l’institution de microfinance Soro Yiriwaso avec laquelle elles sont à leur cinquième prêt. Ce groupe de femmes fait le commerce de savons à l’image de Mariam, qui est la seule assise.
Elle compte acheter avec son prêt, 15 cartons de savons auprès des grossistes de la place. Elle effectue ses ventes au marché et à domicile, en détail au comptant et parfois à crédit à une clientèle composée d’hommes et de femmes.
Elle envisage réaliser un bénéfice mensuel moyen de 42.000FCFA 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
  • 9
    View loans »
    Mali Loans Fundraising
  • $10,386,300
    Funds lent in using Kiva
  • 507.8
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Baara Group's $1,250 loan helped a member to buy 15 boxes of soap.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 23, 2013
Listed
May 27, 2013
Currency Exchange Loss:
Possible
Ended:
Dec 17, 2013