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Champion. Group
In this Group: Kadiatou , Chata , Salimata, Batoma, Mariam
The five members of the Champion group are married women, and are on average 45 years old, with five children and live in polygamous families in Sanoubougou I, one of several populous neighbourhoods in Sikasso (3rd administrative region of Mali).

This is their first collaboration with the Soro Yiriwaso MFI, with the purpose of satisfying their customers’ needs. They run different businesses, among which the sale of food condiments, atiécké (cassava-based food preparation), and clothing fabrics (as with Mariam Cissé).

With her portion of the loan Mariam Cissé will buy 20 bolts of cloth. She gets her supplies from the main market in Sikasso and from Burkina Faso, a country adjacent to Mali. She resells in the various markets of Sikasso and in the neighbourhoods, to a customer base of both men and women, and generally for cash.

Whereas Mariam expects her average monthly earnings to reach 17,000 FCFA, the other group members are hoping for 12,500 FCFA, of which part will be put into savings and the remainder invested in the commercial activities.

The women in the Champion group have the ambition to increase customer satisfaction and consequently their turnover.
View original language description ↓
Les cinq membres du groupe Champion sont des femmes mariées ayant une moyenne d’âge de 45ans, 5 enfants et vivant dans des familles polygames à Sanoubougou I, un des quartiers de la ville de Sikasso (3ème région administrative du Mali).
Elles sont à leur première collaboration avec l’institution de microfinance Soro Yiriwaso afin de satisfaire le besoin de leur clientèle.
Elles mènent diverses activités qui sont entre autres la vente de condiments alimentaires, d’atiecké et de tissus à l’image de Mariam Cissé.
Avec son prêt, Mariam Cissé compte acheter, 20 rouleaux de tissus.
Elle s’approvisionne au grand marché de Sikasso ville et au Burkina Faso, un pays frontalier du Mali. Elle effectue ses ventes dans les différents marchés de Sikasso et dans les quartiers à une clientèle composée d’hommes et de femmes et la plupart au comptant.
Tandis que Mariam envisage réaliser un bénéfice mensuel moyen de 17.000FCFA, les autres membres du groupe espèrent obtenir 12.500FCFA dont une partie sera utilisée en épargne et l’autre partie sera investie dans les activités.
Les femmes du groupe Champion ambitionnent d’augmenter leur chiffre d’affaire pour mieux satisfaire leur clientèle.

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
  • 85
    View loans »
    Mali Loans Fundraising
  • $10,904,850
    Funds lent in using Kiva
  • 484.3
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Champion. Group's $525 loan helped a member buy clothing fabric.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 26, 2010
Listed
Apr 18, 2010
Currency Exchange Loss:
Covered
Ended:
Aug 15, 2010