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Allakabo Group
In this Group: Fatoumata , Mariam , Moussa Mady, Fatoumata, Salimata , Fatoumata
The majority of the six members of the ALLAKABO group are married women who are, on average, 40 years old and also have an average of four children each. Most of these women live in monogamous families in Loulouni, a village located in the Sikasso region (third adminitrative region of Mali).

They are on their third loan with the microfinance institution Soro Yiriwaso, and they are taking this loan to meet the needs of their customers.

Fatoumata sells fruits, vegetables and condiments. In the photo, she is in the front row, first from the right.

She plans to use her loan to buy three packages of Maggi bouillon cubes, one basket of pepper, one basket of soumbala (a condiment prepared from néré seeds) and also some salt. She will resell her goods on a retail basis at the market and in Sikasso. Her customer base consists of men and women who pay her in cash.

Fatoumata is expecting to make an average monthly profit of 15,000 CFA francs, part of which will be used to repay her loan and the interest, while the extra money will be put into savings.
View original language description ↓
Les six membres du groupe ALLAKABO sont essentiellement de femmes mariées avec une moyenne d’âge de 40 ans, et ont en moyenne 4 enfants. Elles vivent la plupart dans des familles monogamiques à Loulouni un des villages de Sikasso 3ème région administrative du Mali.
Elles sont à leur troisième prêt avec l’institution de micro finance Soro Yiriwaso afin de satisfaire le besoin de leur clientèle.
Mme FATOUMATA en position assise 1 ère à droite fait le commerce de fruits, légumes et condiments.
Elle compte acheter avec son prêt 3 cartons de cube maggi, 1 panier de poivre, 1 panier de soumbala et le reste dans du sel qu’elle revendra en détail au marché, à Sikasso à une clientèle composée d’hommes et de femmes au comptant.
Elle envisage réaliser un bénéfice mensuel moyen de 15 000 francs CFA dont une partie est utilisée pour payer le prêt et son interêt et l’autre pour son épargne.

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
  • 27
    View loans »
    Mali Loans Fundraising
  • $9,975,475
    Funds lent in using Kiva
  • 498.1
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Allakabo Group's $625 loan helped a member to buy condiments.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 26, 2013
Listed
Sep 9, 2013
Currency Exchange Loss:
Possible
Ended:
Mar 17, 2014