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Bolodombolo Group
In this Group: Bah , Hawa , Djelika , Djelika , Kadiatou , Kadiatou
The six women of the group called Bolodombolo are married, mostly in monogamous families. They have an average age of 35 and on average two children each. They all live in the village of Bamanan-Zambougou in the region of Ségou (fourth administrative region of Mali) and they met through ties of neighborhood, kinship, and through their money-earning activities in the village. They sell cereals, milk and condiments. Wishing to grow their working capital, the members of the group decided to work together with Soro Yiriwaso and are on their first solidarity loan.

Madame Bah (the woman standing on the far right of the photo) intends to use her loan to buy one sack of rice wholesale from the farmers in Konodimini. The resale will be done for cash and credit from her home and in Konodimini to a clientele composed mainly of women. Madame Bah hopes to make an average monthly profit of 20,000 f CFA with this loan which will be used to cover the needs of her children and to grow her working capital.
View original language description ↓
Les six femmes du groupe Bolodombolo sont mariées majoritairement dans des familles monogamiques. Elles ont en moyenne 35 ans et 2 enfants. Elles habitent toutes dans le village de Bamanan-Zambougou dans la région de Ségou (4ème Région administrative du Mali) et se sont connues à travers des liens de voisinage, de parenté et de leurs activités génératrices de revenu dans le village. Elles font le petit commerce de céréales, du lait et de condiments. Dans le but d’augmenter leurs fonds de commerce, les membres du groupe ont décidé de collaborer avec Soro Yiriwaso et sont à leur 1er cycle de prêt solidaire.
Madame Bah (femme debout à l’extrême droite dans la photo) compte utiliser son prêt pour acheter 1 sac de riz avec les exploitants à Konodimini en gros. La revente se fait au comptant et à crédit à domicile et à Konodimini à une clientèle composée majoritairement de femmes. Madame Bah espère réaliser un bénéfice mensuel moyen de 20 000 FCFA avec ce prêt, qui sera utilisé dans la prise en charge des besoins des enfants et pour augmenter son fond de commerce.

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
  • 13
    View loans »
    Mali Loans Fundraising
  • $10,173,725
    Funds lent in using Kiva
  • 497.3
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Bolodombolo Group's $325 loan helped a member to buy rice for resale.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 21, 2013
Listed
Sep 8, 2013
Currency Exchange Loss:
Possible
Ended:
Mar 17, 2014