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Laidou Group
In this Group: Mah , Minata, Minata , Fatouma , Kita
The [five?] members of the Laidou group are married women living in traditional expanded families. On the average, they are 43 years of age, with four children. They all live in Sienso, in the Ségou region (the fourth administrative region of Mali) and know each other as neighbors and relatives as well as through their work. They cook food for sale and also retail clothing and cereals.

With the goal of meeting the needs of their growing and increasingly demanding customer bae, the group members decided to join the Soro Yiriwaso loan program and are now on their fifth solidarity loan, having duly repaid their prior loans.
Mrs. Mah (the one seated in the middle on the photo) excels at selling cereals. She has many customers in Sienso in nearby. She plans to use her loan to buy three bags of corn, two bags of pearl millet, and one bag of beans. She retails for cash to the general public. With this loan, Mrs. Mah hopes to achieve a monthly revenue of 18,000 West African francs, which will be used to reinvest in her business and to help her husband provide for household needs.
View original language description ↓
Mariées majoritairement dans des familles traditionnelles élargies, les quatre femmes du groupe LAIDOU ont en moyenne 43 ans et 4 enfants. Elles habitent toutes SIENSO dans la région de Ségou (4ème région administrative du Mali) et se sont connues à travers des liens de voisinage, de leurs activités professionnelles et de parenté. Elles font l’achat et la vente de restauration, d’habits et de céréales.
Dans le but de satisfaire le besoin de leurs clientèles de plus en plus nombreuses et exigeantes, les membres du groupe ont décidé d’intégrer le programme crédit de Soro Yiriwaso et sont à leur 5eme prêt solidaire, après avoir correctement remboursés les prêts précédents.
Madame MAH (assise au milieu sur la photo) excelle dans la vente de céréales. Elle est très sollicitée à SIENSO et ses environnants.
Elle compte utiliser son prêt pour acheter 3 sacs de maïs, 2 sacs de petit mil, 1 sac de haricot .Elle effectue ses ventes au comptant, en détail à une clientèle mixtes.
Avec ce prêt, Madame MAH espère réaliser un bénéfice mensuel moyen de 18000 FCFA qui sera utilisé pour être réinvesti dans l’activité et aider son conjoint dans la prise en charge des besoins du foyer.

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
  • 12
    View loans »
    Mali Loans Fundraising
  • $10,173,725
    Funds lent in using Kiva
  • 490.2
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Laidou Group's $775 loan helped a member to buy agricultural products.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 2, 2013
Listed
Aug 28, 2013
Currency Exchange Loss:
Possible
Ended:
Feb 17, 2014