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Fotemogoban (La Grandeur Humaine Dépasse Tous Les Qualificatifs) Group
In this Group: Magna Kadiatou, Minata, Kadiatou, Maïmouna, Sali
The group Fotemogoban is composed of (5) women all married, who have an average age of 40, and on average 3 children. They live in large traditional extended families in the neighborhood of Banconi in Sikasso (third administrative region of the Republic of Mali).


United by ties of neighborhood and kinship, they run activities related to the purchase and sale of firewood, peanut butter, and condiments.


The group is on their sixth solidarity loan (group loan). All the previous loans have been fully reimbursed. With this loan they hope to buy 10 bags of peanuts, 18 cartloads of firewood, and an important stock of condiments such as eggplants, shallots, spices etc.


They roast the peanuts and then take them to the mill to make peanut butter. They usually get their supplies from farmer producers who attend the weekly market of Sikasso. They sell retail for cash and often on credit at the daily market in their neighborhood. The customers are mostly women (homemakers and restaurant owners).


They hope to each make a profit of 17,500 FCFA per month, which they will use to repay their loan and to contribute to the families' daily expenses. In the future their ambition is to open a store in order to be wholesale sellers of peanut butter.

View original language description ↓
Composé de (5) femmes toutes mariées, les membres du groupe Fotemogoban ont une moyenne d’âge de 40 ans et 3 enfants vivant dans des grandes familles traditionnelles élargies au quartier Banconi de Sikasso (troisième région administrative de la république du Mali).
Liées par des relations de voisinage et de parenté, elles mènent des activités d’achat et de vente de bois de chauffe, de pâte d’arachide et de condiments alimentaires.
Le groupe est à son 6ème prêt solidaire (prêt du groupe). Tous les prêts précédents ont été correctement remboursés.
Avec ce prêt, elles comptent acheter, 10 sacs d’arachide, 18 chargements de charette en bois de chauffe et un stock important de condiments alimentaires tels les aubergines, les chalottes, les épices etc.
Elles grillent l’arachide pour ensuite les amener au moulin pour en faire des pâtes d’arachide. Elles se ravitaillent généralement auprès des paysans producteurs qui fréquentent le marché hebdomadaire de Sikasso. Elles vendent en détail, au comptant et souvent à crédit au marché journalier de leur quartier. La clientèle est constituée essentiellement de femmes (ménagères, restauratrices etc.).
Elles espèrent réaliser chacune un bénéfice de 17.500FCFA par mois qu’elles envisagent utiliser pour rembourser les intérêts du prêt et participer aux dépenses quotidiennes de la famille.Dans l’avenir , elles ambitionnent ouvrir une boutique afin de faire le grosssiste dans la vente de la pâte d’arachide.

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
  • 15
    View loans »
    Mali Loans Fundraising
  • $10,173,725
    Funds lent in using Kiva
  • 483.5
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Fotemogoban (La Grandeur Humaine Dépasse Tous Les Qualificatifs) Group's $1,050 loan helped a member purchase of various goods.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Oct 31, 2008
Listed
Oct 17, 2008
Currency Exchange Loss:
Covered
Ended:
May 15, 2009