Funded

Total loan: $975
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Maleïka (Nom D’Une Personne Honoré) Group

Mali
Koutiala, Mali / Fuel/Firewood

A loan of $975 helped a member purchase of firewood for re-sale.


Maleïka (Nom D’Une Personne Honoré) Group's story

Made up of five married women who live in nuclear families with their spouses and children in the Koko neighborhood of the prefecture of Koutiala (third administrative region of the Republic of Mali), the Maleika group has an average age of 35 with 4 children.

The primary business activity of these women who met through relatives and in-laws is essentially selling firewood. They have been members of the credit program of Soro Yiriwaso for three years. The amount of their loans has gone from 50,000 F CFA for the first to 100,000 F CFA for their sixth.

This loan will be used to buy a big supply of firewood. They buy it from rural people who have a permit to cut wood in the villages surrounding the town of Koutiala. Then they use 10-ton trucks to transport the wood which will be sold retail and on a cash basis, or sometimes on credit, to housewives and other retailers.

With this loan they expect to make on average 100,000 F CFA in profit per cycle. Apart from the reimbursement of the loan, they will use a part of the income for everyday expenses of their families.

In this group: Lucie, Haby , Delfine , Mari , Rose
*not pictured

Translator profile picture

Translated from French by Kiva volunteer Teresa Kramer



Loan details

Loan length:

8 months
Disbursed date: November 13, 2008
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 13, 2008
Facilitated by Field Partner: Soro Yiriwaso, a partner of Save the Children