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Tiessiri Group
In this Group: Fatoumata , Djeneba , Ami , Djeneba , Assan , Maimouna , Tou
TIESSIRI is a group which consists of five married women, one widow, and one unmarried woman. On average, these women are 39 years old and have four children each. They live in extended traditional families with their husbands, co-wives, brothers and sons, in the Torakabougou neighborhood of the city of Bougouni.

They know one another through ties of community, friendship and commerce. In order to bolster their financial capacity and to do better in business, they have joined the microfinance institution Soro Yiriwaso, and this is their second loan with the institution. Their previous loan was duly repaid.

This women's group sells clothing, grains, perfumes, vegetables and many other various goods.

Fatoumata, the president of the group, is sitting first from the left in the photo. She buys and sells clothes, and she is planning to use her loan to buy three boxes of used clothing from wholesalers in Bamako. She sells at the market and from home, for cash or on credit, to a retail customer base which mostly consists of women.

She is expecting average monthly profits to reach 20,000 CFA francs, which will be invested in her business and also used to repay her loan.
View original language description ↓
Le groupe TIESSIRI est constitué de cinq femmes mariées, une veuve et une célibataire ayant une moyenne d’âge de 39 ans et 4 enfants. Elles vivent dans des familles traditionnelles élargies avec leurs maris, coépouses, frères et fils dans le quartier TORAKABOUGOU de la ville de Bougouni.
Elles se sont connues à travers des liens de voisinage, d’amitié et de commerce. Pour renforcer leur capacité financière afin de mieux faire leur commerce, elles ont adhéré à l’institution de microfinance Soro Yiriwaso avec laquelle elles sont à leur deuxième prêt. Le précédent prêt a été correctement remboursé. Ce groupe de femmes fait le commerce d’habits et de céréales, de parfum, de légumes et biens d’autres articles divers.
FATOUMATA, qui est la présidente du groupe est la première assise de la gauche vers la droite. Elle fait l’achat vente des habits et compte acheter avec son prêt, 3 colis de friperies avec les grossistes de Bamako. Elle effectue ses ventes au marché et à domicile, en détail au comptant et à crédit à une clientèle composée essentiellement de femmes.
Elle envisage réaliser un bénéfice mensuel moyen de 20.000FCFA qui sera investi dans les activités et rembourser le prêt.

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
  • 154
    View loans »
    Mali Loans Fundraising
  • $11,272,850
    Funds lent in using Kiva
  • 512.6
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Tiessiri Group's $1,025 loan helped a member to buy used clothing.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 1, 2012
Listed
Nov 6, 2012
Currency Exchange Loss:
Possible
Ended:
May 17, 2013