Check out some available loans that are similar to this one!
Jekafo Group
In this Group: Soukaye , Bintou , Awa , Assétou
The four members of the Jekafo group, who are married equitably in monogamous and polygamous households, average 33 years of age with three children each. They all live in Banconi-Flabougou, one of the districts in Bamako, and they got to know each other as neighbors and through their income-generating activities at the market in Banconi-Flabougou. The group members have small businesses selling condiments (shallots, Maggi stock cubes), charcoal, groundnut paste and clothing. They decided to collaborate with Soro Yiriwaso so that they could expand their businesses and are on their third group loan cycle.

Bintou (who is sitting on the right of the photo) is a significant seller of condiments (shallots, Maggi stock cubes, etc.). She is planning to use her loan to buy 15 sacks of shallots and 20 cartons of Maggi stock cubes in Bamako. She resells on a retail basis in Banconi-Flabagou to a primarily female customer base. Bintou expects to make an average monthly profit of 125,000FCFA with this loan and will use the profit to reinvest in her business and satisfy her household's small needs.
View original language description ↓
Mariées équitablement dans des ménages monogamiques et polygamiques, les quatre membres du groupe Jekafo ont en moyenne 33 ans et 3 enfants. Elles habitent toutes à Banconi-Flabougou l’un des quartiers de Bamako et se sont connues à travers des liens de voisinage et de leurs activités génératrices de revenu au marché de Banconi-Flabougou. Les membres du groupe font le petit commerce de condiments (échalotes, cube maggi), charbon du bois, pâte d’arachide et habits. Dans l’intention d’accroitre leurs fonds de commerce, les membres du groupe ont décidé de collaborer avec Soro Yiriwaso et sont à leur 3ème cycle de prêt solidaire.
Madame Bintou (première assise de la droite vers la gauche sur la photo) est une grande vendeuse de condiments (échalotes, cube maggi, etc.) Elle compte utiliser son prêt pour acheter 15 sacs d’échalotes et 20 cartons de cubes Maggi à Bamako. La revente se fait en détail au Banconi-Flabougou à une clientèle composée majoritairement de femmes. Madame Bintou compte avoir avec ce prêt un bénéfice mensuel moyen de 125 000 FCFA qui sera utilisé, pour être réinvesti dans l’activité et satisfaire les petits besoins du foyer.

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
  • 75
    View loans »
    Mali Loans Fundraising
  • $10,874,800
    Funds lent in using Kiva
  • 471.3
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A portion of Jekafo Group's $2,550 loan helped a member to buy condiments.
99% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 24, 2014
Listed
May 10, 2014
Currency Exchange Loss:
Possible
Ended:
Nov 17, 2014