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Maleïka (Nom D’Une Personne Honoré) Group
In this Group: Lucie, Haby , Delfine , Mari , Rose
Made up of five married women who live in nuclear families with their spouses and children in the Koko neighborhood of the prefecture of Koutiala (third administrative region of the Republic of Mali), the Maleika group has an average age of 35 with 4 children.



The primary business activity of these women who met through relatives and in-laws is essentially selling firewood. They have been members of the credit program of Soro Yiriwaso for three years. The amount of their loans has gone from 50,000 F CFA for the first to 100,000 F CFA for their sixth.



This loan will be used to buy a big supply of firewood. They buy it from rural people who have a permit to cut wood in the villages surrounding the town of Koutiala. Then they use 10-ton trucks to transport the wood which will be sold retail and on a cash basis, or sometimes on credit, to housewives and other retailers.



With this loan they expect to make on average 100,000 F CFA in profit per cycle. Apart from the reimbursement of the loan, they will use a part of the income for everyday expenses of their families.

View original language description ↓
Constitué de cinq femmes mariées vivant dans des familles nucléaires avec leurs maris et leurs enfants dans le quartier Koko de la préfecture de Koutiala(troisième région administrative de la république du Mali), le groupe Maleika a une moyenne de 35 ans et 4 enfants.
L’activité dominante de ces femmes qui se sont connues par des relations d’alliances et de parenté est essentiellement la vente du bois de chauffe. Elles sont en relation avec le programme crédit de Soro Yiriwaso depuis trois ans. Le montant du prêt est passé de 50.000 FCFA au premier à 100.000 FCFA pour le sixième.
Le prêt actuel sera utilisé pour acheter un stock important de bois de chauffe. Elles s’approvisionnent auprès des paysans ayant une autorisation de coupe dans les villages environnants de la ville de Koutiala. Ensuite à bord de camions 10 tonnes elles acheminent leurs marchandises qui seront vendues en détail au comptant quelques fois à crédit aux ménagères et aux revendeurs.
Avec ce nouveau prêt, elles comptent réaliser en moyenne 100 000 CFA. de bénéfice par cycle. En dehors du remboursement des prêts, elles utiliseront une partie du revenu pour les dépenses courantes de la famille.

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
  • 35
    View loans »
    Mali Loans Fundraising
  • $11,450,100
    Funds lent in using Kiva
  • 516.0
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Maleïka (Nom D’Une Personne Honoré) Group's $975 loan helped a member purchase of firewood for re-sale.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 13, 2008
Listed
Jan 1, 2009
Currency Exchange Loss:
Covered
Ended:
Jun 15, 2009