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Dembagnouma Group
In this Group: Chata, Sebe , Binta , Yiridio
The group Dembagnouma is composed of married women who average 32 years of age and four children each.  The women live in nuclear families with their children and husbands in the village of Sido, Prefecture of Bougouni (3rd administrative region of the Republic of Mali).  The women know one another through business.

Intending to improve their purchasing capacity, in order to satisfy the needs of their customers, the women decided to join the micro-finance institution Soro Yiriwaso to do commerce in grains.  They are now on their seventh group loan.  The previous six loans were all properly repaid. 

With this new loan, they intend to buy 700 kg of fonio (a local grain), a tonne of pearl millet, and 500 kg of corn.  The goods are purchased at the Sido market and from surrounding areas and are then sold, cash or credit accepted, to the wholesalers of Bougouni.  Their customer base is composed of men and women. 

With this loan, the women hope to obtain a profit of 40,000 francs per month that will be reused in their work. 
View original language description ↓
Le groupe Dembagnouma est composé de femmes mariées qui ont une moyenne d’âge de 32 ans et 4 enfants. Elles vivent dans des familles nucléaires avec leurs enfants et époux dans le village de Sido, préfecture de Bougouni, troisième région administrative de la république du Mali.
Ces femmes se sont connues par des relations de commerce.
Dans l’intention d’améliorer leur capacité d’achat enfin de satisfaire le besoin de leur clientèle, elles ont décidé d’intégrer l’institution de microfinance Soro Yiriwaso et cela pour faire le commerce de céréales.
Elles sont à leur septième prêt de groupe, et tous les six précédents ont été correctement remboursés.
Avec ce nouveau prêt elles comptent acheter, 700kg de fonio, 1tonne de petit mil et 500kg de maïs. Les produits sont achetés dans le marché de Sido et environnants pour être revendus ensuite en détail ou au comptant aux grossistes de Bougouni. Leur clientèle est composée d’hommes et de femmes.
Avec ce prêt les femmes espèrent obtenir un bénéfice de 40.000FCFA par mois qui sera réutilisé dans leur activité.

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
  • 26
    View loans »
    Mali Loans Fundraising
  • $9,975,475
    Funds lent in using Kiva
  • 487.2
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Dembagnouma Group's $1,250 loan helped a member buying grains.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 19, 2010
Listed
Mar 25, 2010
Currency Exchange Loss:
Covered
Ended:
Oct 15, 2010