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Eléphant Group
In this Group: Korotimi , Mariam , Yama , Korotimi , Bintou
The five women of the Elephant group are all married mostly in polygamist families. They are on average 31 years old and have on average three children. They live in the Darsalam area of Segou (fourth administrative region of Mali)

They met each other through neighborhood ties, kinship, and through their income generating activities at the Medine Segou Market. The group members sell women’s clothing, used clothing (yougou yougou), cosmetic products (incense) and children clothing.

The group members joined Soro Yiriwaso in order to increase their working capital to be able to make their purchases in cash. This is their fourth group loan.

Mrs. Korotimi (the woman in the middle of the photo) is known in Darsalam for the sale of her quality incense especially during wedding seasons. She is planning on using her loan to buy 1 kg of magnonkissèni, six tubes of quality perfume and a box of eau de Cologne. To make incense the magnonkissèni is soaked in “eau de Cologne” for at least a week then it is scented with perfume. Thesales are made in cash or on credit from home or at the Medine market or as an itinerant saleswoman in the town of Segou. She sells to customers who are generally women.

With this loan, Mrs. Korotomi hopes to make a monthly average profit of 25, 000 Francs CFA. She will use it to meet the needs of the family and provide for the children’s health expenses. Like all the other members of the group, her goal is to reinvest her savings in her small business in order to perpetuate it.
View original language description ↓
Les cinq femmes du groupe Eléphant sont mariées majoritairement dans des familles polygamiques,avec une moyenne d’âge de 31 ans, 3 enfants et habitant le quartier Darsalam de Ségou (4ème région administrative du Mali)
Elles se sont connues à travers des liens de voisinage, de parenté et de leurs activités génératrices de revenu au marché de Médine Ségou. Les membres du groupe font le petit commerce d’habits pour femmes, de la friperie (yougou yougou), de produits cosmétiques (encens) et d’habits pour enfants.
Dans le but d’augmenter leurs fonds de commerce afin de faire leurs achats au comptant, les membres du groupe ont intégré Soro Yiriwaso et sont à leur 4ème prêt solidaire.
Madame Korotimi (femme au beau milieu sur la photo) est connue à Darsalam pour sa vente d’encens de qualité surtout pendant les périodes de mariage.
Elle compte utiliser son prêt pour acheter 1kg de magnonkissèni, six tubes de parfums de qualité et un carton d’eaux de Cologne. Pour faire de l’encens, on imbibe le magnonkissèni dans l’eau de Cologne pendant une semaine au moins puis on l’assaisonne avec le parfum. La revente se fait au comptant et à crédit à domicile, au marché Médine et en ambulant dans la ville de Ségou à une clientèle composée généralement de femmes.
Madame Korotimi espère réaliser avec ce prêt un bénéfice mensuel moyen de 25 000FCFA qui sera utilisé pour satisfaire les besoins du foyer et soins de santé des enfants. Tout comme les autres membres du groupe, elle a pour objectif de réinvestir l’épargne dans leur petit commerce afin de la pérenniser.

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

  • $1,100
    Average annual income
  • 22
    View loans »
    Mali Loans Fundraising
  • $11,383,950
    Funds lent in using Kiva
  • 492.6
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD