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Soutoura Group
In this Group: Fatoumata , Aissa , Aissata , Aissa
All married in extended traditional families, the four women of the Soutoura group average 42 years of age and 6 children each. They all live in Sienso, a village located in the Segou region (fourth administrative region of Mali). They know each other through family and neighborhood ties. They buy and sell condiments and various other goods.

In order to increase their business, the members of the group have joined the microfinance institution Soro Yiriwaso. This is their second solidarity loan.

Aissa (first from the right in the photo) is a successful grain seller. Her goods are in great demand in her village. She plans to use her loan to buy 300 kilos of pearl millet, 200 kilos of maize, and 275 kilos of beans. She buys her merchandise at the small markets of Dah and Cinzara. She sells retail, for cash and on credit, to a customer base which essentially consists of women.

With this loan, Aissa is expecting average monthly profits to reach 28,000 CFA francs, which will be reinvested in the business and also used to help her husband provide for the family.
View original language description ↓
Toutes mariées dans des familles traditionnelles élargies, les quatre femmes du groupe Soutoura ont en moyenne 42 ans et 6 enfants. Elles habitent toutes le village Sienso dans la région de Ségou (4ème région administrative du Mali) et se sont connues à travers des liens de voisinage et de parenté. Elles font l’achat et la vente de condiments alimentaires et le commerce d’articles divers.
Dans le but d’augmenter leurs fonds de commerce, les membres du groupe ont adhéré l’institution de microfinance Soro Yiriwaso et sont à leur 2 e prêt solidaire.
Madame, AISSA (1ere femme debout à droite) excelle dans la vente de céréales. Elle est très sollicitée dans son village.
Elle compte utiliser son prêt pour acheter, 300kg de petit mil, 200 kg de maïs et 275 kg de haricot, elle s’approvisionne dans les minis foires de Dah de Cinzara. Elle effectue ses ventes au comptant, en détail et à crédit à une clientèle composée essentiellement de femmes.
Avec ce prêt, Madame AISSA espère réaliser un bénéfice mensuel moyen de 28000 FCFA qui sera utilisé pour être réinvesti dans l’activité et aider son conjoint dans la prise en charge des besoins du foyer.

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
  • $9,944,875
    Funds lent in using Kiva
  • 497.1
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Soutoura Group's $825 loan helped a member to buy grains.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 18, 2012
Listed
May 1, 2012
Currency Exchange Loss:
Possible
Ended:
Nov 15, 2012