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Laidou Group
In this Group: Bintou, Mariam, Djeneba, Sali
This group LAIDOU is composed of four women, all married, who average 38 years of age and 5 children each. The women live in traditional extended families with their husband, co-wives, brothers, and sons in the MEDINE district of Bougouni City. They know one another through ties of community, friendship, and commerce. To bolster their financial capacity for operating their businesses better, they joined the microfinance institution Soro Yiriwaso and are now on their fourth loan. The three previous loans were correctly repaid.

This group of women does commerce in clothing through SALI, who is the second woman standing from the right in the photo. She intends to use her loan to purchase 2 packages of secondhand clothing from Bamako. Accepting cash or credit at the market and at home, she makes her sales to a customer base composed essentially of women. She envisions making an average monthly profit of 20,000 francs CFA that will be invested in her business and to pay back the loan.
View original language description ↓
Le groupe LAIDOU est constitué de 4 femmes toutes mariées ayant une moyenne d’âge de 38 ans et. 5 enfants. Elles vivent dans des familles traditionnelles élargies avec leurs maris, coépouses, frères et fils dans le quartier MEDINE de la ville de Bougouni.
Elles se sont connues à travers des liens de voisinage, d’amitié et de commerce. Pour renforcer leur capacité financière afin de mieux faire leur commerce, elles ont adhéré à l’institution de microfinance Soro Yiriwaso avec laquelle elles sont à leur 4éme prêt. Les 3 précédents prêts ont été correctement remboursés. Ce groupe de femmes fait le commerce des habillements à travers de SALI, elle est la 2éme femme debout dans la photos de la droite vers la gauche. Elle compte acheter avec son prêt, 2 colis de friperies à Bamako. Elle effectue ses ventes au marché et à domicile, en détail au comptant et à crédit à une clientèle composée essentiellement de femmes.
Elle envisage réaliser un bénéfice mensuel moyen de 20.000FCFA 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.

Tags

About Mali

  • $1,200
    Average annual income
  • 61
    View loans »
    Mali Loans Fundraising
  • $10,449,750
    Funds lent in using Kiva
  • 492.3
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Laidou Group's $425 loan helped a member to purchase used clothing.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 19, 2013
Listed
Aug 14, 2013
Currency Exchange Loss:
Possible
Ended:
Feb 17, 2014