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Ouyètiè 6 Group
In this Group: Béatrice, Aline , Chatou , Djénè , Fatoumata , Karia , Adelle , Natali , Véronique, Djélika
Ouyètiè 6 is a group of married women of the village of Nitabogoro in Koutiala City, Region of Sikasso (third administrative region of the Republic of Mali). They live in large traditional extended families with their children, parents-in-law, sisters-in-law, etc. They average 32 years of age and have at least four children. The women essentially grow peanuts and millet.

Concerned about making their farms profitable, the group members decided to join the Soro Yiriwaso loan program two years ago. After having correctly repaid the first loan, they are now on their second farm loan.

The current loan will be used to buy a sufficient quantity of seeds for planting peanuts and millet; some minor supplies and equipment; and some fertilizers and the like, for farming. These items are procured at the grand marketplace of Koutiala. Following the off-season, the harvests are stored for a time, so that they gain in value. And then they are sold at the same marketplace and at surrounding marketplaces at the retail level (often wholesale), in cash transactions, to customers generally from large cities.

The group members each intend to realize, after selling their produce, an average profit of 50,000 francs CFA, which will be used to repay the loan and to cover common family expenses.
View original language description ↓
Ouyètiè 6 est un regroupement de femmes mariées du village de Nitabogoro de la ville de Koutiala région de Sikasso (troisième région administrative de la république du Mali). Elles vivent dans des grandes familles traditionnelles élargies avec leurs enfants, maris, beaux parents, belles sœurs etc. Elles ont en moyenne 32 ans et au moins 4 enfants.
Elles cultivent essentiellement de l’arachide et du mil.
Dans le souci de rentabiliser leurs exploitations agricoles, les membres du groupe Ouyètiè 6 ont décidé d’intégrer le programme crédit de Soro Yiriwaso depuis maintenant 2 ans. Après avoir correctement remboursé le premier prêt, elles sont à leur deuxième prêt de campagne.
Le prêt actuel sera utilisé pour acheter, une quantité suffisante de semences d’arachide et de mil, des petits matériels et des intrants pour la culture, au grand marché de Koutiala. Après l’hivernage, les récoltes sont stockées pendant un certain temps pour qu’elles aient de la valeur avant d’être vendues au grand marché de Koutiala et dans les marchés environnants, en détail (souvent en gros), au comptant à une clientèle venant généralement des grandes villes.
Les membres du groupe Ouyètiè 6 comptent réaliser chacune, après l’écoulement de leurs produits agricoles, un bénéfice moyen de 50 000FCFA qui sera utilisé pour le remboursement du prêt et les dépenses courantes de la famille.

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

  • $1,200
    Average annual income
  • 81
    View loans »
    Mali Loans Fundraising
  • $10,874,800
    Funds lent in using Kiva
  • 462.9
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Ouyètiè 6 Group's $975 loan helped a member to buy fertilizers, seeds, and minor supplies and equipment.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
May 5, 2009
Listed
Jul 1, 2009
Currency Exchange Loss:
Covered
Ended:
Feb 15, 2010