Check out some available loans that are similar to this one!
Fokaben (L’Entente) Group
In this Group: Djeneba, Oumou , Fanta , Awa
Fokaben is a group of married women from the Hamdallaye district of Koutialia town who know each other well and live in extended, traditional families. They are married, have an average age of 34, and have at least 3 children. The women in this group sell various items including clothing, shoes, beauty products and prepared food. The group members decided to join Soro Yiriwaso's loan program in order to increase the size of their businesses. This is their 10th group loan.

Fanta is the Fokaben group member sitting on the right in the picture. She plans to use her loan to buy several bags of shoes. She gets her merchandise at the Grand Market and sells it for cash, door-to-door or at the market, to a varied retail clientèle. While the other Fokaben group members expect to make an average monthly profit of 55 000 francs each during this sales cycle, Fanta expects to make 75 000 francs. She will use part of her income to pay off her loan, part of it on personal expenditures, and part of it will be used to increase her working capital.
Fokaben est un regroupement de femmes du quartier Hamdallaye de la ville de Koutiala qui se connaissent bien et qui vivent dans de grandes familles traditionnelles. Elles ont en moyenne 34 ans, sont mariées et ont au moins 3 enfants.
Ce groupe de femmes fait le commerce d’articles divers tels, les habits les chaussures, les produits cosmétiques, les activités de restauration, etc.
Pour augmenter la taille de leurs activités, les membres ont décidé d’intégrer le programme crédit de Soro Yiriwaso. Elles sont à leur dixième prêt de groupe.
Fanta est un membre du groupe Fokaben assise à droite de la photo.
Elle compte utiliser son prêt pour acheter des sacs de chaussures. Elle se procure de ces produits au grand marché. Elle vend ces articles en détail et au comptant à la maison et au marché et à une clientèle diverse.
Tandis que les autres membres du groupe Fokaben comptent réaliser un bénéfice mensuel moyen 55.000CFA chacune au cours de ce cycle Mme Fanta compte réaliser 75.000FCFA.
En plus du remboursement des prêts, elles utilisent une partie du revenu pour faire face aux dépenses personnel et augmenter son fonds 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
  • 25
    View loans »
    Mali Loans Fundraising
  • $9,944,875
    Funds lent in using Kiva
  • 494.4
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Fokaben (L’Entente) Group's $1,225 loan helped a member to buy shoes.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 23, 2013
Listed
Sep 18, 2013
Currency Exchange Loss:
Possible
Ended:
Mar 17, 2014