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Siguidia Group
In this Group: Kadiatou , Fatoumata , Djata , Oumou , Nafissatou , Sita , Kadia Seydou
Predominantly married in traditional families with an average age of 40 and five children, the seven women in the Siguidia group all live in the city of Sikasso (third administrative region of Mali) and became acquainted through family ties, as neighbors and through their professional activities.

They sell clothes, mugs, potatoes, fruits and vegetables, grain cereals and manufacture incense for sale. In order to increase their working capital, the group members joined Soro Yiriwaso and are on their first credit loan cycle.

Mrs. Fatoumata, sitting in the middle, plans to use her loan to purchase two dozen mugs. She buys locally from Sikasso wholesalers and conducts her sales as an itinerant vendor and from home, to both men and women customers.

Mrs. Fatoumata expects this loan will enable her to achieve average monthly profits of 20,000 FCFA, to be reinvested in the business and to take on some of the household needs.
View original language description ↓
Mariées majoritairement dans des familles traditionnelles avec une moyenne d’âge de 40 ans et 5 enfants, les sept femmes du groupe Siguidia habitent toutes dans la ville de Sikasso (3ème Région administrative du Mali) et se sont connues à travers des liens de parenté, de voisinage et de leurs activités professionnelles.
Elles font de la vente des habits, de tasses, de pommes de terre, de fruits et légumes, de la fabrication et vente de l’encens et des céréales.
Dans le but d’augmenter leurs fonds de commerce, les membres du groupe intègrent Soro Yiriwaso et sont à leur 1ere cycle de prêt solidaire.
Madame Fatoumata, assise au milieu, compte utiliser son prêt pour acheter, 2 douzaines de tasses. Elle s’approvisionne sur place à Sikasso, auprès des grossistes et effectue ses ventes en ambulant et à domicile, à une clientèle composée d’hommes et de femmes. Madame Fatoumata compte réaliser avec ce prêt un bénéfice mensuel moyen de 20.000 FCFA qui sera utilisé, pour être réinvesti dans l’activité et prendre en charge certains 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

  • $1,100
    Average annual income
  • 32
    View loans »
    Mali Loans Fundraising
  • $11,460,850
    Funds lent in using Kiva
  • 512.7
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD