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Mogoyankan Group
In this Group: Mamou , Minata , Mariam , Diarata, Ramatou
The Mogoyankan group is made up of 5 married women who live in traditional, nuclear families and have an average age of 29 and, on average, 4 children. They all live in the town of Kolondieba (the prefecture of the 3rd administrative region of Mali) and got to know each other thanks to family and neighbourly relationships, and marriage. The group members are small retailers and sell pottery containers used for transporting water. They have joined Soro Yiriwaso in order to increase their business and are on their 5th group loan cycle.

Ramatou (in the middle of the picture) is one of the group members who sells pots. She plans to use her loan to produce some pots (including spending money on the transportation of the clay, bundles of sticks and labour wages). She gets her supplies from the riverbank and makes her sales for cash or credit, door-to-door and at the market, to a retail clientèle made up of men and women. Thanks to this loan, Ramatou expects to make an average monthly profit of 10 500 francs which will be reinvested in her business and used to support her husband with some of the family expenses.
Constitué exclusivement de 5 femmes mariées, les membres de groupe MOGOYANKAN vivent dans des familles traditionnelles et nucléaires avec une moyenne d’âge de 29 ans et 4 enfants. Elles habitent toutes dans la ville de Kolondieba (Préfecture de la 3ème Région administrative du Mali) et se sont connues à travers des liens de parenté, de voisinage et de mariage.
Les membres du groupe font le petit commerce: vente de de pots (canaris...).
Dans le but d’augmenter leurs fonds de commerce, les membres du groupe ont intégrés Soro Yiriwaso et sont à leur 5ème cycle de prêt solidaire.
Madame RAMATOU (au milieu sur la photo) est l’une des vendeuses de pots du groupe. Elle compte utiliser son prêt pour la confection de pots (transport d’argile, achat de fagots et frais de main d’œuvre)
Elle s’approvisionne au bord du fleuve et effectue ses ventes en détail, au comptant et à crédit, à domicile et au marché, à une clientèle composée d’hommes et de femmes.
Madame RAMATOU compte réaliser avec ce prêt un bénéfice mensuel moyen de 10.500 FCFA qui sera utilisé, pour être réinvesti dans l’activité et aider son mari dans certaines dépenses familiales.

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
  • 32
    View loans »
    Mali Loans Fundraising
  • $10,386,300
    Funds lent in using Kiva
  • 511.5
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Mogoyankan Group's $500 loan helped a member to buy the materials necessary for making clay pots.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 28, 2013
Listed
Jul 11, 2013
Currency Exchange Loss:
Possible
Ended:
Jan 17, 2014