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Lolo Group
In this Group: Salimata , Fatoumata , Aminata , Tenimba
Lolo Group is part of the Siguidia Association in N'tentou. It is made up of married women who are relations and neighbours, with an average age of 35 and four children on average.

The women run various businesses such as selling produce, like Fatoumata, who is pictured sitting on the far right. They live in large traditional families in N'tentou, in the Kati prefecture (Koulikoro region, Mali). They have been running their businesses for several years and are highly sought after for the produce they sell: tomatoes, cabbages and pepper.

In order to satisfy growing customer demand, the group members decided to join the Soro Yiriwaso loan programme a year ago. This is their second solidarity loan.

Fatoumata, a member of the group and very well-known in N'tentou, is good at selling produce. She will use her loan to buy a large quantity of different types of produce (tomatoes, cabbages and pepper). She buys her supplies in Bamako and directly from wholesalers and sells them to male and female customers in Ouelessebougou, for cash and on credit.

Fatoumata hopes to make 15,000 CFA francs a month, which will allow her to repay the loan and reinvest in her business.
View original language description ↓
LOLO est un groupe de l’association SIGUIDIA de N'TENTOU. Il regroupe des femmes qui se sont connues à travers des liens de parenté et de voisinage. Elles ont une moyenne d’âge de 35 ans. Mariées avec en moyenne quatre enfants, elles mènent différentes activités telles l’achat vente de condiments à l’image de FATOUMATA qui est la première personne assise de la droite vers la gauche de la photo. Elles vivent dans des grandes familles traditionnelles à N’TENTOU dans la préfecture de Kati (Région de Koulikoro, République du Mali).
Elles sont dans le petit commerce depuis plusieurs années et sont très sollicitées dans leurs activités d’achat vente de condiments : tomate, choux et poivre.
Dans le souci de satisfaire le besoin croissant de leurs clientèles, les membres du groupe ont décidé d’intégrer le programme crédit de Soro Yiriwaso, il y a un an. Elles sont à leur deuxième prêt solidaire.
FATOUMATA, qui est un membre du groupe et très connue à N'TENTOU, excelle dans la vente de condiments. Elle compte utiliser son prêt pour acheter, une quantité importante de condiments alimentaire de différente sorte (tomate, choux et poivre). Elle s’approvisionne à Bamako et sur place auprès des grossistes et vend ses produits à OUELESSEBOUGOU en détail, au comptant et à crédit, à une clientèle composée d’hommes et de femmes.
Elle espère sur un bénéfice mensuel de 15.000FCFA somme qui lui
permettra de rembourser le prêt et réinvestir le reste dans son activité d’achat vente de condiments.

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
  • 10
    View loans »
    Mali Loans Fundraising
  • $10,172,500
    Funds lent in using Kiva
  • 474.8
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Lolo Group's $425 loan helped a member to buy produce.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 15, 2014
Listed
Apr 28, 2014
Currency Exchange Loss:
Possible
Ended:
Oct 17, 2014