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Korotemogossigui Group
In this Group: Tata , Assanatou , Astan Founè , Ami
The members of the Korotemogossigui group are all married women, the majority of them living in large traditional polygamous households. They average 30 years of age with two children each, and they all live in the county town of the rural community of Cinzana Gare (in the 4th administrative region of Ségou). They got to know each other through neighbors, relatives and through their belonging to the women's association in Cinzana Gare.

This group trades various products, cereals, food condiments etc..

With a view to improving and increasing the volume of their business, they decided to join Soro Yiriwaso's (a micro-finance company) loan programme. Having repaid their first loan without incident, they are on their second group loan, which will be used to buy: a bag of rice, two bags of cabbages, 20kg of garlic, two bags of onions (shallots), a box of tea, ten packets of sweets, 15 packets of chocolate and 25 kg of sugar. They buy their stock locally at the weekly fair in Cinzana Gare. The products are sold on for cash or credit on the spot in the same market and also at home to a customer base made up of men, women and children.

They hope to make an average monthly profit of 13,250 FCFA, which will be used for the children's healthcare and to reinvest in their revenue generating activities. Their ambition is to buy agricultural equipment.
View original language description ↓
Les membres du groupe Korotemogossigui sont toutes mariées majoritairement dans des grandes familles polygames traditionnelles. Elles ont en moyenne 30 ans, 2 enfants et habitent toutes le chef lieu de commune rurale Cinzana Gare (4ème Région administrative de Ségou).
Elles se sont connues à travers des liens de voisinage, de parenté et d’appartenance à une même association des femmes de Cinzana Gare.
Ce groupe fait le commerce d’articles divers, céréales, condiments alimentaires etc.
C’est dans le souci d’améliorer et d’augmenter le volume de leurs activités commerciales, qu’elles décidèrent d’adhérer au programme crédit de Soro Yiriwaso. Après avoir correctement remboursé le premier prêt, elles sont à leur 2ème prêt solidaire, qui sera utilisé pour acheter, un sac de riz, 2 sacs de choux pommés, 20kg d’ail, 2 sacs d’oignon (échalotes), un carton de thé, 10 paquets de bonbon, 15 paquets de chocolat et 25 kg de sucre.
Elles s’approvisionnent sur place en marchandises à la foire hebdomadaire de Cinzana Gare. Les produits sont revendus au comptant ou à crédit sur place au marché de Cinzana Gare et à domicile à une clientèle composée d’hommes, de femmes et d’enfants.
Elles espèrent réaliser un bénéfice mensuel moyen de 13.250 FCFA qui sera utilisé pour les soins de santé des enfants et réinvestir dans leurs activités génératrices de revenus.
Elles ont pour ambition d’acheter des matériels agricoles.

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
  • 12
    View loans »
    Mali Loans Fundraising
  • $10,309,100
    Funds lent in using Kiva
  • 463.4
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Korotemogossigui Group's $225 loan helped a member purchase of various products.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 12, 2010
Listed
Jan 25, 2010
Currency Exchange Loss:
Covered
Ended:
Aug 15, 2010