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Baara Group
In this Group: Awa, Kadia, Fatoumata, Sayon
BAARA The Baara group consists of four women of whom three are married and one is single. They are on average 35 years old with three children and live in traditional extended families in the North Heremakono neighborhood of the city of Bougouni.

They became acquainted through neighborhood ties, friendship and commerce. To strengthen their financial capacity to improve their businesses, they joined the Soro Yiriwaso institution where they are on their fifth loan. The previous four loans were repaid.

This group of women sell flatcakes like Sayon who is the woman sitting in the photo. She intends to use the loan to buy 150 kg of sorghum, 100 kg of maize and 5 kg of shea butter from wholesalers in Bougouni. She conducts her retail sales at the market and at home, against cash or on credit to a mixed clientele.

She expects average monthly profits of 35,000 CFA francs to be invested in the business and used to repay the loan.
View original language description ↓
Le groupe BAARA est constitué de 4 femmes dont 3 mariées et une célibataire. Elles ont une moyenne d’âge de 35 ans et 3 enfants et vivent dans des familles traditionnelles élargies dans le quartier HEREMAKONO NORD de la ville de Bougouni.
Elles se sont connues à travers des liens de voisinage, d’amitié et de commerce. Pour renforcer leur capacité financière afin de mieux faire leur commerce, elles ont adhéré à l’institution de microfinance Soro Yiriwaso avec laquelle elles sont à leur 5ème prêt. Les 4 précédents prêts ont été correctement remboursés. Ce groupe de femmes fait le commerce de galettes à l’image de SAYON qui est la femme assise dans la photo. Elle compte acheter avec son prêt, 150kg de sorgho, 100kg de maïs et 5 kg de beurre de karité avec les grossistes de Bougouni. Elle effectue ses ventes au marché et à domicile, en détail au comptant et à crédit à une clientèle mixte. Elle envisage réaliser un bénéfice mensuel moyen de 35.000FCFA qui sera investi dans les activités et rembourser le prêt.

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
  • 155
    View loans »
    Mali Loans Fundraising
  • $11,260,000
    Funds lent in using Kiva
  • 480.5
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Baara Group's $850 loan helped a member buy ingredients to make flatcakes.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 28, 2014
Listed
Jan 31, 2014
Currency Exchange Loss:
Possible
Ended:
Aug 17, 2014