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Kolaban (Le Terminus) Group
In this Group: Sanata, Awa Damaké, Rokia, Doh, Sitan, Alimata, Korotoumou, Sitan
The eight members of the Kolaban group are all married, have an average age of 44 and on average 4 children. They live in big traditional families, generally with at least one co-spouse, in the Sokala neighborhood of Dagala (Ségou Prefecture, Republic of Mali).

They sell plastic utensils, cereals, firewood, etc. They do their purchasing generally on market days, from rural people and merchants who come in from the big cities.

These women, very expert in economic affairs thanks to their collaborations with several development agencies, have decided to remain with Soro Yiriwaso, which has already given them 4 group loans. The Kolaban group correctly reimbursed all the preceding loans.

This present loan will be used to buy 45 sacks of cereals (in the villages of Dagala and surroundings, Siguila and Mèfa), 125 wagon loads of firewood from the rural people in Dougasso, Zenguela, Gachi and Fombougou, and plastic kitchen utensils from wholesalers in the town of Ségou.

The sacks of cereals are sold to wholesalers in Ségou. On the other hand, the other items are sold in the village for cash, on credit, retail out of their homes or as ambulant saleswomen. Their clientele is made up of men and women. In the final reckoning, they expect to make an average monthly profit of 15,000 FCFA (about US$ 36) which they essentially wish to invest in their businesses.

Translated from French by Teresa Kramer, Kiva volunteer

Les huit (8) membres du groupe Kolaban sont toutes mariées avec une moyenne d’âge de 44 ans et 4 enfants. Elles vivent dans des grandes familles traditionnelles généralement avec au moins une coépouse dans le quartier Sokala de Dagala (Préfecture de Ségou République du Mali).


Elles exercent le commerce d’ustensiles en plastiques, de céréales, de bois de chauffe etc. Elles s’approvisionnent habituellement les jours de foire auprès de paysans et des commerçants venant des grandes villes.


Ces femmes très expertes dans les activités économiques grâce à leurs collaborations avec plusieurs structures de développement ont décidé de rester avec Soro Yiriwaso lequel leurs à déjà accordé 4 prêts de groupe .Le groupe Kolaban a correctement remboursé tous les prêts précédents.


Ce prêt actuel servira à acheter 45 sacs de céréales (dans les villages de Dagala et alentours, Siguila et Mèfa), 125 chargements de charrettes en bois de chauffe auprès des paysans à Dougasso, Zenguela, Gachi et Fombougou et des ustensiles de cuisine en plastiques auprès de grossistes de la ville de Ségou.


Les sacs de céréales sont vendus à des grossistes à Ségou. Par contre les autres articles sont vendus au village au comptant, à crédit, en détail à domicile ou en ambulant. La clientèle est constituée d’hommes et de femmes .Au bout du compte, elles envisagent réaliser un bénéfice mensuel moyen de 15.000 FCFA avec lequel elles souhaitent essentiellement investir dans 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

  • $1,100
    Average annual income
  • 35
    View loans »
    Mali Loans Fundraising
  • $11,410,125
    Funds lent in using Kiva
  • 421.0
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Kolaban (Le Terminus) Group's $2,400 loan helped a member purchase of firewood, plastic utensils, and cereals

Achat de bois de chauffe, d’ustensiles en plastiques et de céréales.

100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Aug 26, 2008
Listed
Aug 3, 2008
Currency Exchange Loss:
Covered
Ended:
Mar 16, 2009