Check out some available loans that are similar to this one!
Badeya Group
In this Group: Assitan , Fanta , Assan , Kandia , Kiatou
The group Badeya is composed mostly of monogamous women, who average 34 years of age and two children each, all living in N’tomikorobougou, a district of Bamako. The women know one another through community ties, and they have small-scale businesses involving peanuts, clothing, cosmetic products, charcoal, and dèguè [a millet pudding or porridge].

With the goal of increasing their business capital, the group members decided to collaborate with the the microfinance institution Soro Yiriwaso and are now on their second solidarity loan cycle.

Ms. Kandia (the woman sitting at the far left in the photo) is famous for selling quality peanut butter in any neighborhood. She intends to use her loan to purchase 4 sacks of peanuts wholesale at the market.

To make peanut butter, the best peanuts are selected, roasted, hulled, and then crushed in a mill. The paste prepared in this way is ready for retail sale to a customer base composed mostly of women.

With this loan, Ms. Kandia hopes to make an average monthly profit of 80,000 francs CFA that will be used for reinvesting in her business. Her goal is to maintain this relationship with Soro Yiriwaso in order to have much more money.
View original language description ↓
Le groupe Badeya est majoritairement composé de femmes monogames. Elles ont en moyenne 34 ans et 2 enfants. Elles habitent toutes à N’tomikorobougou l’un des quartiers de Bamako et se sont connues à travers des liens de voisinage. Les membres du groupe font le petit commerce de, pâtes d’arachides, vêtement, produits cosmétiques, charbon du bois et du dèguè. Dans le but d’augmenter leurs fonds de commerce, les membres du groupe ont décidé de collaborer avec Soro Yiriwaso et sont à leur 2ème cycle de prêt solidaire.
Madame Kandia (femme assise à l’extrême gauche sur la photo) a une grande renommée dans la vente des pâtes d’arachides de qualité dans tout quartier. Elle compte utiliser son prêt pour acheter 4 sacs de grains d’arachides en gros au marché. Pour faire la pâte d’arachide, on trie les meilleurs grains, les grille, les épluches et les Broie au moulin. La pâte ainsi faite est prête à la vente en détails à une clientèle composée majoritairement de femmes. Madame Kandia espère réaliser avec ce prêt un bénéfice mensuel moyen de 80 000 FCFA qui sera utilisé, pour être réinvesti dans l’activité. Elle a pour objectif de maintenir cette relation avec Soro Yiriwaso afin d’avoir beaucoup plus d’argent.

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

  • $1,200
    Average annual income
  • 15
    View loans »
    Mali Loans Fundraising
  • $10,188,875
    Funds lent in using Kiva
  • 474.5
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Badeya Group's $2,125 loan helped a member to purchase peanuts.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 15, 2014
Listed
Apr 30, 2014
Currency Exchange Loss:
Possible
Ended:
Oct 17, 2014