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Kolaban Group
In this Group: Diocounda , Mariam , Assétou , Nana
The Kolaban group is composed equally of monogamous and polygamous wives, who average 36 years of age with an average of two children each. They all live in Badialan III, one of Bamako's districts, and they met as neighbors. The group members have small businesses selling clothing (light fabrics, "pagnes wax", which are colorful and highly decorative pieces of fabric, and damask fabric) of all quality and vegetables. With a view to getting fresh supplies for cash, the group members decided to collaborate with Soro Yiriwaso and are on their third group loan cycle.

Djoncounda, who is sitting second from the left in the photo, has a great reputation for selling clothing ("pagnes wax", light fabrics, etc.). She is planning to use her loan to buy 30 pieces of "pagne wax" and 80 meters of light fabric wholesale at the Grand Market. She resells her products on a retail basis in Badalian III and door to door to a mixed customer base.

Thanks to this loan, Djoncounda hopes to make an average monthly profit of 100,000FCFA, which will be used to reinvest in her business. Her ambition is, through this relationship with Soro Yiriwaso, to buy a piece of land for habitation purposes.
View original language description ↓
Le groupe Kolaban est équitablement composé de femmes monogames et polygames. Elles ont en moyenne 36 ans et 2 enfants. Elles habitent toutes à Badialan III l’un des quartiers de Bamako et se sont connues à travers des liens de voisinage. Les membres du groupe font le petit commerce d’habits (léger, pagne wax, basins,…) de toutes les qualités et des légumes. Dans le but de se ravitailler au comptant, les membres du groupe ont décidé de collaborer avec Soro Yiriwaso et sont à leur 3ème cycle de prêt solidaire.
Madame Djoncounda (femme assise en 2ème de la gauche vers la droite sur la photo) a une grande réputation dans la vente des habits (pagnes wax, légers,...). Elle compte utiliser son prêt pour acheter 30 pièces de pagne wax, 80 mètres de légers en gros au grand marché. La revente se fait en détails au Badialan III et en ambulant à une clientèle mixte. Madame Djoncounda espère réaliser avec ce prêt un bénéfice mensuel moyen de 100 000 FCFA qui sera utilisé, pour être réinvesti dans l’activité. Elle a pour objectif d’acheter un lot à usage d’habitation dans cette relation avec Soro Yiriwaso.

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
  • 29
    View loans »
    Mali Loans Fundraising
  • $11,391,925
    Funds lent in using Kiva
  • 474.5
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD