Funded

Total loan: $1,425
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Farafina Lolo Group

Mali
Sikasso, Mali / Clothing Sales

A loan of $1,425 helped a member buy clothing.


Farafina Lolo Group's story

The seven members of the Farafina Lolo group are married women who on average are 36 years old with four children. They live in traditional nuclear families in the Babemba district, one of the populous neighborhoods of the city of Sikasso, 3rd administrative region of Mali.

They are in their fourth loan with the Soro Yiriwaso micro-finance institution to meet the needs of their customers. Previous loans have been fully repaid.

Kadia, who is standing at the extreme right of the photo, retails sets of clothes and other clothing in the Farafina Lolo group of women. Her reputation with this activity makes her a highly sought-after vendor.

She intends to use the loan to buy three dozen full sets of clothing (pants and shirt and / or dress and skirt) for children. She sells as an itinerant vendor and with her family, for cash and credit to her clientele consisting of men and women. She resupplies in Bamako and Sikasso.

She expects average monthly profits of 35,000 FCFA, part of which is used to repay the loan and the interest, and the other part put into savings.

In this group: Ramata , Maimouna , Oumou , Tene, Assanatou, Djeneba , Kadia
*not pictured

Translator profile picture

Translated from French by Kiva volunteer René McConnell



Loan details

Loan length:

7 months
Disbursed date: July 10, 2013
Facilitated by Field Partner: Soro Yiriwaso, a partner of Save the Children

Lenders and lending teams



Loan details

Loan length:

7 months
Disbursed date: July 10, 2013
Facilitated by Field Partner: Soro Yiriwaso, a partner of Save the Children