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Kosomine Group
In this Group: Assitan , Kadia , Mariam , Mariam , Sanata , Biba
KOSOMINE is a group of 6 married women who mostly live in monogamous families in Sanoubougou I, one of the popular districts of the town of Sikasso (3rd administrative region of the Republic of Mali). The women in the group have an average age of 35 and, on average, 5 children. This will be the group´s third loan from the Soro Yiriwaso microfinance institution, and it is being requested so that the women can satisfy their customers' needs. The previous loans have been fully repaid.

Assitan, the second from the right in the picture, sells clothing. She will use her part of the loan to buy 10 pieces of rich bazin fabric, 15 shirts and 5 embroidered "pagnes" (traditional sarong-like clothing) at the markets in Sikasso, Bamako and Bobo-Dioulasso. She sells her wares to a mostly female clientele at the grand market of Sikasso, where she works with her family in a fixed spot under her hangar. She envisages an average monthly profit of 45 000 FCFA, and will use part of the money to repay the loan and interest, and the rest to support her husband with the household expenses.
KOSOMINE est un regroupement de six femmes mariées majoritairement dans des familles monogames à SANOUBOUGOU I un des quartiers populaires de la ville de Sikasso 3ème région administrative du Mali. Elles ont en moyenne 35 ans et 5 enfants. Ce groupe est à son troisième prêt avec l’institution de microfinance Soro Yiriwaso afin de satisfaire le besoin de sa clientèle. Tous les prêts précédents ont été remboursés sans aucune difficulté.
Madame ASSITAN qui fait le commerce d’habillements dans ce groupe de femmes de KOSOMINE, est la deuxième debout à droite.
Elle compte acheter avec son prêt, 10 pièces de bazin riche, 15 chemises et 5 pièces pagnes brodés au grand marché de la ville de SIKASSO et quelques fois à BAMAKO et BOBO DIOULASSO.
Elle vend au grand marché de Sikasso, sous son hangar, en une place fixe et en famille à une clientèle composée pour la majeur partie de femmes, au comptant et en détail.
Elle envisage réaliser un bénéfice mensuel moyen de 45.000 FCFA dont une partie est utilisée pour payer le prêt et son intérêt et aider le conjoint à subvenir aux dépenses de la famille.

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
  • 27
    View loans »
    Mali Loans Fundraising
  • $9,944,875
    Funds lent in using Kiva
  • 467.6
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Kosomine Group's $1,300 loan helped a member to restock on clothing.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 16, 2011
Listed
Oct 1, 2011
Currency Exchange Loss:
Possible
Ended:
Apr 29, 2012