Check out some available loans that are similar to this one!
Fokaben Group
In this Group: Kadiatou , Aminata , Bintou , Awa
The four women who make up the Fokaben group are, for the most part, married in polygamous families. They are, on average, 41 years old and have an average of four children each. They all live in the village of Noumou Were, in the region of Ségou (4th largest administrative region in Mali). They met one another through neighborhood, family, and marital ties. They buy and sell calabashes and mortars engraved with beautiful slogans and designs.

The group members decided to start working with Soro Yiriwaso in order to help strengthen their revenue-generating activities, and they are now on their 14th group-loan cycle.

Aminata (the woman standing on the far left in the photo) is a big seller of calabashes and engraved mortars in the village of Noumou Were. She plans to use her loan to buy 150 calabashes at the Médine market from itinerant merchants from the surrounding villages in the Ségou region. She resells her goods for cash or for credit to a clientele made up mostly of women. She sells her goods from home, traveling from place to place, and she also takes orders. To make the engravings, she leaves needles in the fire for at least one hour, and when they are glowing red, she removes them and starts engraving beautiful designs on the exterior of the mortars and calabashes, according to the client's personal taste.

With the loan, Aminata expects to earn an average monthly profit of 25,000 FCFA, which she will use to reinvest in her business and provide condiments for her family. Her goal is to sustain her business through this partnership with Soro Yiriwaso.
View original language description ↓
Mariées majoritairement dans des familles polygames, les quatre femmes du groupe Fokaben ont en moyenne 41 ans et 4 enfants. Elles habitent toutes dans le village de Noumou Were dans la région de Ségou (4ème Région administrative du Mali) et se sont connues à travers des liens de voisinage, de parenté et de mariage. Elles font le commerce de calebasses et de mortiers gravés par de beaux slogans et figures.
Dans le but de consolider leurs activités génératrices de revenu, les membres du groupe ont décidé de collaborer avec Soro Yiriwaso et sont à leur 14ème cycle de prêt solidaire.
Madame Aminata (femme debout à l’extrême gauche sur la photo) est une grande vendeuse de calebasses et de mortiers gravés dans le village de Noumou Were. Elle compte utiliser son prêt pour acheter 150 calebasses avec les foraines des villages environnants de Ségou au marché Médine. La revente se fait au comptant et à crédit à domicile, en ambulant et sur commande à une clientèle composée majoritairement de femmes. Pour faire de la gravure, on met des aiguilles dans le feu pendant une heure au moins, quand elles rougissent, on l’enlève puis on grave sur la partie externe des mortiers ou calebasses simples de belles figures en fonction du goût de la clientèle Madame Aminata compte avoir un bénéfice mensuel moyen de 25.000 FCFA avec ce prêt, qui sera utilisé, pour être réinvesti dans l’activité et assurer le ravitaillement du foyer en condiments. Son objectif est de pérenniser son activité dans ce partenariat avec Soro Yiriwaso.

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
  • 55
    View loans »
    Mali Loans Fundraising
  • $12,694,675
    Funds lent in using Kiva
  • 483.0
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD