Check out some available loans that are similar to this one!
Heremakono Group
In this Group: Awa , Bonkana , Aminata , Kadiatou , Assitan , Adiaratou
The six members of the Heremakono group are married women who on average are 48 years old with five children. Most of them live in traditional families in Mamassoni, one of the neighborhoods of the city of Sikasso, in the third administrative region of Mali.

They are on their fifth group loan with the Soro Yiriwaso micro-finance institution, to meet their customers' needs.

Mrs. Awa, who is standing in the first position from left to right in the photo of this Heremakono group of women, sells potatoes.

She intends use the loan to buy five 100-kilo baskets of potatoes at the main market, where she is in high demand by her customers due to the quality of her products. Retail sales are conducted in Mamassoni, to a clientele composed of men and women, for cash and on credit.

She hopes to attain average monthly profits of 43,000 CFA francs, a portion of which will be used to pay off the loan and its interest, and rest put into savings.
View original language description ↓

Les six membres du groupe HEREMAKONO sont des femmes mariées avec une moyenne d’âge de 48 ans, et ont en moyenne 5 enfants. Elles vivent la plupart dans des familles traditionnelles à MAMASSONI un des quartiers populaires de la ville de Sikasso 3ème région administrative du Mali.
Elles sont à leur quinzième prêt solidaire avec l’institution de micro finance Soro Yiriwaso afin de satisfaire le besoin de leur clientèle.
Madame AWA débout à la première position de la gauche vers la droite sur la photo dans ce groupe des femmes HEREMAKONO, fait la vente des pommes de terre .
Elle compte acheter avec son prêt 5 paniers de 100 kg de pomme de terre au grand marché d’où elle est beaucoup sollicitée de sa clientèle par la qualité de ses produits pour la revendre en détail à MAMASSONI à une clientèle composée d’ homme et de femme au comptant et à crédit.
Elle envisage réaliser un bénéfice mensuel moyen de 43 000 francs CFA dont une partie est utilisée pour payer le prêt et son intérêt et l’autre pour son épargne.

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
  • 83
    View loans »
    Mali Loans Fundraising
  • $10,874,800
    Funds lent in using Kiva
  • 481.9
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Heremakono Group's $1,875 loan helped a member buy potatoes.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 13, 2014
Listed
Jul 13, 2014
Currency Exchange Loss:
Possible
Ended:
Nov 17, 2014