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Yeredon Group
In this Group: Bati , Adia , Lala , Atoumata, Kadiatou , Kadiatou , Aminata, Sitan , Mariam , Mariam
The group YEREDON is composed of married women, who average 34 years of age and four children each. They all live in traditional families in the village of BOUMOUTOU, in Commune de KERELA, Préfecture de Dioïla, Région de Koulikoro (2nd administrative region of the Republic of Mali). They know one another through ties of kinship, community, and friendship. They do commerce in condiments, cake, soap, onions, 'baigne', clothing, and general goods.

The women of the group YEREDON are on their second solidarity loan. With the goal of satisfying the enormous demand from their customers, they turned to the microfinance institution Soro Yiriwaso.

This client, AMINATA, who is the second person standing from the right in the photo, is uneducated. A vendor of various goods, she intends to purchase with her money a box of earrings and a bag of necklaces from wholesalers in Bamako. Sales are made to a mixed customer base paying cash at her home and sometimes by going door to door. She plans on making a profit of 20,000 francs CFA per month that will be invested in raising small ruminants.
View original language description ↓
Le groupe YEREDON est composé de femmes mariées elles ont en moyenne 34 ans et 4 enfants. Elles vivent toutes dans des familles traditionnelles dans le village de BOUMOUTOU, commune de KERELA préfecture de Dioïla, Région de Koulikoro (deuxième région administrative de la République du Mali).
Elles se sont connues à travers des liens de parenté, de voisinage et d’amitié. Elles font le commerce de condiment, de gâteau, de savon, d’oignon, de baigne, d’habillement, et d’articles divers. Les femmes du groupe YEREDON sont à leur deuxième prêt solidaire. Dans le but de satisfaire la demande énorme de leurs clientèles, elles font recours à SORO YIRIWASO. La cliente AMINATA la deuxième personne à partir de la droite dans le rang debout n’est pas instruite, elle est actuellement vendeuse d‘articles divers. Elle compte acheter 1 carton de boucle d’oreille, et 1 sac de collier chez les grossistes à Bamako. La vente se fait en détaille et en espèce, chez elle et parfois ambulante à une clientèle mixte. Elle compte réaliser un bénéfice de 20.000Fcfa par mois, qui sera injecté dans l’élevage de petits ruminants.

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.

Tags

About Mali

  • $1,100
    Average annual income
  • 35
    View loans »
    Mali Loans Fundraising
  • $11,410,125
    Funds lent in using Kiva
  • 477.5
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Yeredon Group's $1,050 loan helped a member to purchase various goods, such as earrings and necklaces, to sell.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 11, 2014
Listed
Feb 26, 2014
Currency Exchange Loss:
Possible
Ended:
Jul 18, 2014