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Fanta's Group
In this Group: Fanta, Sali, Rokia, Djeneba, Sali, Ami, Korotoumou, Bintou
The members of the Tiessiri 2 group are married women with an average of 28 years of age and 5 children. They live in polygamous families in the village of Sikouna 2 in the Fana area (Koulikoro region in Mali). The main activity of this group of women is the sale of wood for heating, charcoal (which they sell to peasants in Sikouna 2 and in surrounding villages) and various other items (gathering products, etc). They have a stock room for the charcoal or keep the wood in front of their joint sales stands. They generally sell the charcoal for cash or credit in the village or wholesale to buyers from big cities like Ségou and Bamako, who also come to the village to buy cargoes of heating wood. Linked by professional and friendship ties, and very experienced in the business, the members of the group decided to request their first group loan from the Soro Yiriwaso microfinance institution. They intend to buy 50 charcoal bags and 3 loads of heating wood and plan to attain an average monthly income of 12500FCFA, which will be used for paying the interest on the loan, providing for the needs of their families and especially for building their business activities.

Translated from French by Ivana Kostic, Kiva Volunteer.



Les membres du groupe Tiessiri 2 sont des femmes mariées ayant une moyenne d’age de 28 ans et 5 enfants Elles vivent dans des familles polygames dans le village de Sikouna 2 sous préfecture de Fana( Région de Koulikoro République du Mali)
L’activité principale de ce groupe de femmes Tiessiri 2 est la vente du bois de chauffe, du charbon de bois (qu’elles achètent avec les paysans sur place à Sikouna 2 et dans les villages environnants) et d’articles divers (produits de cueillettes etc.). Elles disposent d’un lieu de stockage dans pour le charbon de bois) ou devant (pour le bois de chauffe) les concessions conjugales pour le stockage de leurs marchandises. Elles vendent généralement le charbon de bois à détail au comptant et à crédit à domicile (au village) et en gros aux forains venant des grandes villes comme Ségou et Bamako, qui viennent également jusqu’au village pour faire leurs cargaisons en bois de chauffe au comptant.
Unies par des liens professionnels, de voisinage et très expérimentés dans les activités économiques, les membres du groupe ont décidé ensemble de solliciter la collaboration de l’institution de micro finance Soro Yiriwaso et sont à leur premier prêt solidaire. Elles comptent acheter 50 sacs de charbon de bois 3 chargements de bois de chauffe et envisagent réaliser avec ce prêt un bénéfice mensuel moyen de 12500FCFA. qui servira à payer les intérêts du prêt, subvenir aux besoins de la famille et surtout renforcer les activités.

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
  • 413.8
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Fanta's Group's $975 loan helped a member purchase of coal and heating wood.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Aug 7, 2008
Listed
Jul 23, 2008
Currency Exchange Loss:
Covered
Ended:
Mar 16, 2009