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Faïda Group
In this Group: Mariam , Aminata , Abysina , Mariam , Lala
Most of the women who compose the Faïda group are married in traditional families. They average 34 years of age and 3 children each, and they all live in the city of Sikasso (third administrative region of Mali). They know each other through neighborhood and family ties, and also through their professional activities.

They sell various general goods, soap, condiments for cooking, used clothing and grains. In order to increase their businesses, the members of the group have joined Soro Yiriwaso and this is their second solidarity loan. They have duly repaid their first loan.

Standing in the middle of the group, Lala is planning to use her loan to buy 1,000 kg of rice from local wholesalers in Sikasso.

She sells from home and at the market, to a customer base made up of men and women.

With this loan, Lala is expecting average monthly profits to reach 40,000 CFA francs, which will be reinvested in her business and also used to take care of some of her family needs.
View original language description ↓
Mariées majoritairement dans des familles traditionnelles avec une moyenne d’âge de 34 ans et 3 enfants, les femmes du groupe Faïda habitent toutes dans la ville de Sikasso (3ème Région administrative du Mali) et se sont connues à travers des liens de parenté, de voisinage et de leurs activités professionnelles.
Elles font de la vente d’articles divers de boutique, de savons, de condiments alimentaires, de la friperie et des céréales.
Dans le but d’augmenter leurs fonds de commerce, les membres du groupe intègrent Soro Yiriwaso et sont à leur 2 eme prêt solidaire, le premier fut correctement remboursé.
Madame Lala, debout au milieu, compte utiliser son prêt pour acheter, 1 tonne de riz, sur place à Sikasso, auprès des grossistes et effectue ses ventes à domicile et au marché, à une clientèle composée d’hommes et de femmes.
Madame Lala compte réaliser avec ce prêt un bénéfice mensuel moyen de 40.000 FCFA qui sera utilisé, pour être réinvesti dans l’activité et prendre en charge certains 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.

About Mali

  • $1,100
    Average annual income
  • 24
    View loans »
    Mali Loans Fundraising
  • $12,489,325
    Funds lent in using Kiva
  • 517.3
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD