Check out some available loans that are similar to this one!
Soutoura Group
In this Group: Fily, Michata , Aoua , Djeneba , Aichata , Mariata , Albatourou
The seven women of the Soutoura group are all married, and are on average 33 years old with 3 children. They live in polygamous households in Ouayerma, one of the districts of the city of Sikasso, 3rd administrative region of the Republic of Mali.
They work with the microfinance institution Soro Yiriwaso (one of Kiva's field partners) in order to satisfy the demands of their clientele, and are seeking their fifth group loan. All four of their previous loans were repaid without difficulty. They run businesses that include, among others, the sale of potatoes, charcoal, brochettes of meat, ginger, incense, etc.
With their new loan, they intend to buy ten 50-kg sacks of potatoes, 20 bags of charcoal, 15 kg of meat to make brochettes, 5 bags of ginger and 30 kg of "magnokisseni" to make incense. They supply themselves at the grand market in Sikasso city and in the neighbouring villages. They make their sales at stalls in various markets in the city of Sikasso and door-to-door in various areas, mostly in cash, to a clientele composed of men and women.
They foresee realizing a monthly profit of 32,500 FCFA each, which they intend to use for savings and to pay for their families' expenses, with the remainder being reinvested in their businesses.
Some of the members of this group hope to buy land to live on in Sikasso, and others aim to enlarge their businesses.
Les sept femmes du groupe Soutoura sont toutes mariées, avec une moyenne d’âge de 33, ans ont en moyenne 3 enfants. Elles vivent dans des familles polygames à OUAYERMA 1 un des quartiers de la ville de Sikasso, 3ème région administrative de la république du Mali.
Elles collaborent avec l’institution de microfinance Soro Yiriwaso afin de satisfaire le besoin de leur clientèle et sont à leur cinquième prêt de groupe. Tous les quatre prêts précédents ont été remboursés sans aucune difficulté.
Elles font entre autres comme activités, la vente de la pomme de terre, du charbon de bois, de la brochette de viande, du gingembre, de l’encens etc.
Avec leur nouveau prêt, elles comptent acheter, 10 sacs de 50 kg de pomme de terre, 20 sacs de charbon de bois, 15 kg de viande pour faire des brochettes, 5 sacs de gingembre et 30 kg de magnokisseni pour la fabrication de l’encens. Elles s’approvisionnent au grand marché de Sikasso ville et dans les villages avoisinants. Elles effectuent leurs ventes de façon fixe dans les différents marchés de la ville de Sikasso et dans les quartiers de façon ambulante, la plupart au comptant, à une clientèle composée d’hommes et de femmes.
Elles envisagent réaliser chacune un bénéfice mensuel de 32.500 FCFA qu’elles comptent utiliser comme épargne, subvenir aux dépenses de la famille et réinvestie le reste dans les activités.
Certaines d’entre elles comptent acheter un terrain à usage d’habitation à Sikasso ville et d’autres agrandir 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

  • $1,200
    Average annual income
  • 29
    View loans »
    Mali Loans Fundraising
  • $10,686,675
    Funds lent in using Kiva
  • 445.5
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Soutoura Group's $1,975 loan helped a member to buy various items.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 9, 2009
Listed
Oct 1, 2009
Currency Exchange Loss:
Covered
Ended:
Apr 15, 2010