Check out some available loans that are similar to this one!
Sinignessigui Group
In this Group: Anchata , Mariam , Aminata, Tene , Abi
The five members of the Sinignessigui group, all married women, average 36 years of age, with two children. They live mainly in polygamous families in Bougoula Hameau, a village in Sikasso, the third administrative region of Mali. They are on their seventh collaboration with the Soro Yiriwaso microfinance institution, with the goal of meeting customer demand. The prior loans have been properly reimbursed. The group members sell various items, such as firewood, which is the case of Tene.

Tene plans to use her loan to buy one truckload of firewood. She stocks up in the nearby villages, from farmers who have official permission for this. The firewood wood is tjem retailed for cash at the Hamdlalaye market and out of her home to a customer base composed of both men and women.

She plans to achieve an average monthly income of 100,000 West African Francs, which will be used for everyday family expenses and loan repayment. Her goal is to increase her sales volume and better meet customer demand.
View original language description ↓
Les cinq membres du groupe SINIGNESSIGUI, tous des femmes mariées, ont une moyenne d’âge de 36 ans et 2 enfants. Elles vivent la plupart dans des familles polygames à BOUGOULA HAMEAU un des villages de Sikasso 3ème région administrative du Mali.
Elles sont à leur septième collaboration avec l’institution de microfinance Soro Yiriwaso afin de satisfaire le besoin de leur clientèle, les prêts passés ont été remboursés dans de bonne condition. Ce groupe de femmes fait le commerce d’articles divers tels le bois de chauffe avec TENE, qui compte acheter avec son prêt, 1 chargement de CAMION en bois de chauffe. Elle s’approvisionne dans les villages voisins, auprès des paysans agrées par les autorités. Les bois de chauffe sont revendus au marché de HAMDALLAYE et en famille à une clientèle composée d’hommes et de femmes, au comptant et en détail.
Elle espère réaliser un bénéfice mensuel moyen de 100.000FCFA qu’elle compte utiliser pour les dépenses quotidiennes de la famille et rembourser le prêt.
Elle ambitionne d’augmenter son chiffre d’affaire pour mieux satisfaire sa 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
  • 17
    View loans »
    Mali Loans Fundraising
  • $10,188,875
    Funds lent in using Kiva
  • 458.3
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Sinignessigui Group's $1,925 loan helped a member to buy firewood.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 27, 2011
Listed
May 23, 2011
Currency Exchange Loss:
Possible
Ended:
Nov 15, 2011