Check out some available loans that are similar to this one!
Fayida Group
In this Group: Aissata , Maimouna , Louissi , Rebeka
The women of the "Fadiya" group are on average 40 years old with four children and all live in large extended households in Tominian, the main local city in the fourth administrative of the Republic of Mali.
These women know each other through family connections and run businesses buying and selling clothing and food condiments.
After having properly repaid their previous loans, the women of the Fadiya group are on their second solidarity (group) loan. Aissata, the woman sitting all the way on the right in the photo, intends to use her loan to buy 10 kg of dried fish, 30 kg of onions, 20 packets of Maggi cubes, and 10 kg of chili peppers. She gets her supplies in Tominian and makes her sales to a clientele comprising men and women, in cash and often on credit.
She foresees realizing an average monthly profit of 30,000 FCFA, which will be used to pay for expenses relating to health, food, clothing, and school fees, with the rest being reinvested in her business.
Les femmes du groupe FAYIDA ont en moyenne 40 ans, 4 enfants et vivent toutes dans des familles traditionnelles élargies à TOMINIAN chef lieu du cercle dans la quatrième région administrative de la république du Mali.
Ces femmes se sont connues à travers des liens de parenté et font les activités d’achat et vente d(habits et de condiments alimentaires.
Après avoir correctement remboursés les prêts précédents, les femmes du groupe FAYIDA sont à leur 2 eme prêt solidaire. AISSATA 1ere femme assise à droite sur la photo compte utiliser son prêt pour acheter 10 kg de poissons séché ,30 kg d’oignons, 20 paquets de cube Maggi et 10 kg piments. Elle s’approvisionne à TOMINIAN. Elle effectue ses ventes, à une clientèle composée de femmes et d’hommes en espèce et souvent à crédit.
Elle envisage réaliser un bénéfice moyen mensuel de 30 000FCFA qui sera utilisé dans les dépenses relatives à la santé, à la nourriture, et l’habillement, aux frais scolaires et le reste sera réinvesti dans les activités.

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
  • 23
    View loans »
    Mali Loans Fundraising
  • $9,921,450
    Funds lent in using Kiva
  • 485.7
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Fayida Group's $825 loan helped a member to buy condiments.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 6, 2013
Listed
Dec 1, 2013
Currency Exchange Loss:
Possible
Ended:
May 17, 2014