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Djiguiya  (L’Espoir) Group
In this Group: Fanta , Adama, Raki , Kadia , Bintou
“Djiguiya” (hope) is a group of 5 women from the Moussabougou neighborhood of the town of Koutiala (Sikasso region) who have known each other for years. They have an average age of 38, are married, and the mothers of at least 4 children.



They have various businesses, among others, selling cosmetics, clothing, soap, etc. Wishing to increase the size of their businesses, the members decided to join the loan program of the micro-finance institution Soro Yiriwaso with whom, they are on their third solidarity loan.



This loan will be used to buy a big quantity of cosmetics and clothing in Bamako (capital of the Republic of Mali) from wholesalers. They sell their merchandise retail, for cash or credit, to a clientele composed of women and some men. They have experience in their respective sectors, and with this new loan they expect to make an average profit of 115,000 F CFA over the course of the loan cycle. This profit will be used to reimburse the interest on the loan and cover current family expenses.



In future each of the members of this Djiguiya group expects to receive a bigger loan, either in order to open a cosmetics shop or to expand and diversify her business.

View original language description ↓
Djiguiya est un regroupement de cinq femmes du quartier Moussabougou de la ville de Koutiala (région de Sikasso) qui se sont connu depuis des années. Elles ont en moyenne 38 ans, sont mariées et mères d’au moins 4 enfants.
Elles mènent différentes activités génératrices qui sont entre autres la vente de produits cosmétiques, d’habillements, de savons etc.
Dans le souci d’augmenter la taille de leurs activités, les membres ont décidé d’intégrer le programme crédit de Soro Yiriwaso avec qui elles sont à leur troisième prêt solidaire.
Le prêt actuel sera utilisé pour acheter une quantité importante de produits cosmétiques et d’habillements à Bamako (la capitale de la république du mali) auprès des grossistes. Elles effectuent leurs ventes en détail, au comptant et à crédit à une clientèle composée de femmes et de quelques hommes.
Elles ont une expérience dans leur domaine respectif, avec ce nouveau prêt, elles comptent réaliser en moyenne au cours du cycle 115 000 FCFA. de bénéfice. Ce bénéfice sera utilisé pour rembourser les intérêts du prêt et faire face aux charges courantes de la famille.
Dans l’avenir, les membres du groupe Djiguiya compte obtenir chacun un prêt élevé soit pour ouvrir une boutique de produits de beauté soit pour élargir et diversifier leurs activités.

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
  • 19
    View loans »
    Mali Loans Fundraising
  • $11,391,850
    Funds lent in using Kiva
  • 464.1
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Djiguiya (L’Espoir) Group's $1,100 loan helped a member purchase of cosmetics and clothing for resale.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 9, 2009
Listed
Aug 1, 2009
Currency Exchange Loss:
Covered
Ended:
Jan 15, 2010