Funded

Total loan: $800
Powered by 29 lenders

Faïda Group

Mali
Kadiolo , Mali / Cloth & Dressmaking Supplies

A loan of $800 helped a member to purchase 'pagnes' (the colorful cloth of western Africa).


Faïda Group's story

The four members of the group FAÏDA are married women averaging 37 years of age and three children each. The women live in polygamous families in NOUMOUSSO, a working-class district in Kadiolo City (3rd administrative region of the Republic of Mali). They are on their third loan with the microfinance institution Soro Yiriwaso to satisfy the needs of their customers. The past loans were correctly paid back. MARIAM, who is sitting first from the right in the photo, sells Wax and Real 'pagnes' (the colorful cloth of western Africa). She gets her supplies from Cote d'Ivoire from wholesalers and often from the big market in town on market days. She sells them retail for cash to a customer base composed of men and women at the market and at home.

She envisions making an average monthly profit of 32,750 francs CFA. Part of the profits is used for repaying the loan and the interest on it, and the other part is for her savings.

In this group: Nachitan , Mariam , Bayo , Djenebou
*not pictured

Translator profile picture

Translated from French by Kiva volunteer Daniel Kuey



Loan details

Loan length:

8 months
Disbursed date: November 20, 2012
Facilitated by Field Partner: Soro Yiriwaso, a partner of Save the Children

Lenders and lending teams



Loan details

Loan length:

8 months
Disbursed date: November 20, 2012
Facilitated by Field Partner: Soro Yiriwaso, a partner of Save the Children