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Lolo Group
In this Group: Aminata , Fatoumata , Rokia , Afou
The four members of the Lolo group are married women who on average are 33 years old with three children. They live mostly in monogamous families in Babemba, a populous neighborhood of the city of Sikasso, third administrative region of Mali.

They are on their twelfth loan with the Soro Yiriwaso microfinance institution, to satisfy the needs of their customers.

Ms. Afou trades wax pagnes (type of colorful West-African fabric) in this group of women. She is standing in the second position from left to right.

She intends to use the loan to buy three dozen wax pagnes and retail them for cash on site and at the market to a clientele of women.

She plans to make an average monthly profit of 15,000 CFA francs, a portion of which will be used to pay the loan and its interest and the rest put into savings.
View original language description ↓
Les quatre membres du groupe LOLO sont des femmes mariées avec une moyenne d’âge de 33 ans, et ont en moyenne 3 enfants. Elles vivent la plupart dans des familles monogamiques au quartier BABEMBA un des quartiers populaires de la ville de Sikasso 3ème région administrative du Mali.
Elles sont à leur douzième prêt avec l’institution de micro finance Soro Yiriwaso, dans le souci de satisfaire le besoin de leur clientèle.
Mme AFOU fait le commerce de pagnes wax dans ce groupe de femmes. Elle se tien en deuxième position à partir de la gauche vers la droite.
Elle compte acheter avec son prêt 3 douzaines de pagnes wax et revend en détail sur place et au marché à une clientèle composée de femmes au comptant.
Elle envisage réaliser un bénéfice mensuel moyen de 15 000 francs cfa dont une partie est utilisée pour payer le prêt et son interêt et l’autre pour son épargne.

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
  • 44
    View loans »
    Mali Loans Fundraising
  • $11,956,700
    Funds lent in using Kiva
  • 479.6
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD