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Fotemaban Group
In this Group: Maïmouna , Nadjouma , Adiara , Sitan , Dinamba , Kadiatou , Djominé
The seven women of the group Fotemaban all live in polygamous families and average 36 years of age and three children each. All the women live in the village of Daoulabougou, in Région de Ségou (4th administrative region of the Republic of Mali). They know one another through ties of community, kinship, marriage, and their revenue-generating businesses in the village. They work in small-scale commerce involving fruit & vegetables, grains, and condiments.

With the goal of increasing their business capital, the group members decided to collaborate with the microfinance institution Soro Yiriwaso and are now on their 8th solidarity loan cycle.

Ms. Maïmouna (the third woman standing from the left in the photo) is a major vendor of fruit & vegetables in and around the village of Daoulabougou. She intends to use her loan to purchase a large amount of fruit & vegetables in order to meet customer demands. Sales are made to a mixed customer base paying cash and often on credit.

With this loan, Ms. Maïmouna hopes to make an average monthly profit of 5,500 francs CFA that will be used to meet sundry family needs.
View original language description ↓
Les sept femmes du groupe Fotemaban vivent toutes dans des familles polygamiques. Elles ont en moyenne 36 ans et 3 enfants. Elles habitent toutes dans le village de Daoulabougou dans la région de Ségou (4ème Région administrative de la Républiques du Mali).
Elles se sont connues à travers des liens de voisinage, de parenté, mariage et de leurs activités génératrices de revenu dans le village. Elles font le petit commerce de fruits et légumes, des grains et de condiment. Dans le but d’augmenter leurs fonds de commerce, les membres du groupe ont décidé de collaborer avec Soro Yiriwaso et sont à leur 8eme cycle du prêt solidaire.
Madame Maïmouna (3eme femme debout de la gauche vers la droite dans la photo) est une grande vendeuse de fruits et légumes dans le village de Daoulabougou et ses environnants. Elle compte utiliser son prêt pour acheter une grande quantité de fruits et légumes pour satisfaire la demande de sa clientèle. La revente se fait au comptant et souvent à crédit à une clientèle mixte.
Madame Maïmouna espère réaliser un bénéfice mensuel moyen de 5.500FCFA avec ce prêt, qui sera utilisé pour satisfaire des petits besoins familiaux.

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
  • 62
    View loans »
    Mali Loans Fundraising
  • $12,694,675
    Funds lent in using Kiva
  • 478.3
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD