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Wassomagni Group
In this Group: Bahawa , Fatoumata , Djelika , Assan , Bintou , Kokoni , Awa
The women of Wassomagni Group average 35 years of age and 4 children. They all live in extended traditional families in Yangasso / Ségou (fourth administrative region of the Republic of Mali). They got to know each other through bonds of kinship.

They buy and sell condiments, cereals, cosmetics, and various products. After having repaid their previous loans without problems, they are seeking their sixth solidarity loan (group loan).

Awa, the second woman from the left in the sitting row in the photograph, intends to use her loan to buy 30 kg of rice, 10 kg of fonio (a kind of millet), 15 kg of bean, 15 kg of millet, 5 kg of onion, 20 liters of cooking oil, and 5 packs of Maggi bouillon cubes.

She gets her supplies locally, and sells the dish she prepares, for cash and often on credit, to a clientele comprising both women and men. She intends to turn an average monthly profit of XOF 45'000, to be used to cover expenses related to healthcare, food, clothing, and school. The remainder will be reinvested in her business.
View original language description ↓
Les femmes du groupe WASSOMAGNI ont en moyenne 35 ans, 4 enfants et vivent toutes dans des familles traditionnelles élargies à YANGASSO/SEGOU (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 de vente des condiments, des céréales, des produits cosmétiques et des produits divers. Après avoir remboursés correctement leurs prêts précédents, les femmes du groupe WASSOMAGNI sont à leur 6ème prêt solidaire. AWA 2ème femme assise de la gauche vers la droite sur la photo compte utiliser son prêt pour acheter 30Kg de riz, 10Kg de fonio, 15Kg de haricot, 15Kg de mil, 5Kg d’oignon, 20Litres d’huile et 5 paquets de Cube Maggi. Elle s’approvisionne sur place. Elle effectue ses ventes(plats alimentaires), à une clientèle composée de femmes et d’hommes en espèce et souvent à crédit.
Elle envisage réaliser un bénéfice moyen mensuel de 45 000 FCFA 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

  • $1,100
    Average annual income
  • 26
    View loans »
    Mali Loans Fundraising
  • $11,465,250
    Funds lent in using Kiva
  • 473.6
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Wassomagni Group's $2,225 loan helped a member to buy rice, bean, millet, onions, cooking oil, and bouillon cubes.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 3, 2014
Listed
Apr 14, 2014
Currency Exchange Loss:
Possible
Ended:
Oct 17, 2014