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Yiriwa Group
In this Group: Kadiatou , Mariétou , Marama , Djénèba
The four women of the group Yiriwa are married for the most part in monogamous households. The women average 34 years of age and three children each. And they all live in Ouolofobougou, a district in Bamako. They know one another through ties of kinship, friendship, community, and their revenue-generating businesses at the Ouolofobougou market. The group members have small-scale businesses involving condiments (onions), okra, and fish, and they work in food service.

With the goal of resupplying themselves with cash, the group members decided to collaborate with the the microfinance institution Soro Yiriwaso and are now on their third solidarity loan cycle.

Ms. Djénèba (the woman standing second from the right in the photo) is famous for selling onions. She intends to use her loan to purchase a tonne of onions wholesale in Bamako. Accepting cash or credit, she hawks her merchandise to mostly women customers.

With this loan, Ms. Djénèba hopes to make an average monthly profit of 70,000 francs CFA that will be used for reinvesting in her business and ensuring her children’s care.
View original language description ↓
Les quatre femmes du groupe Yiriwa sont majoritairement mariées dans des ménages monogamiques. Elles ont en moyenne 34 ans et 3 enfants. Elles habitent toutes à Ouolofobougou l’un des quartiers de Bamako ; Elles se sont connues à travers des liens de parenté, d’amitié, de voisinage et de leurs activités génératrices de revenu au marché de Ouolofobougou. Les membres du groupe font le petit commerce de, condiments (oignons), gombos, poissons et la restauration. Dans le but de se ravitailler au comptant, les membres du groupe ont décidé de collaborer avec Soro Yiriwaso et sont à leur 3èmecycle de prêt solidaire.
Madame Djénèba (femme debout en 2ème position de la droite vers la gauche sur la photo) a une grande réputation dans la vente des oignons. Elle compte utiliser son prêt pour acheter une tonne d’oignon à Bamako en gros. La revente se fait au comptant et à crédits à Ouolofobougou et en ambulant à une clientèle majoritairement composée de femmes. Madame Djénèba espère réaliser avec ce prêt un bénéfice mensuel moyen de 70 000 FCFA qui sera utilisé, pour être réinvesti dans l’activité et assurer l’entretien de ses enfants.

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
  • 21
    View loans »
    Mali Loans Fundraising
  • $9,921,450
    Funds lent in using Kiva
  • 474.5
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Yiriwa Group's $1,275 loan helped a member to purchase onions.
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