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Soutoura Group
In this Group: Hawa , Fayiho , Baba Lassina , Secho
The four women who compose the Soutoura group are mostly married in extended traditional families. On average, they are 35 years old and have five children each. They all live in a village called Niazekan, located in the Ségou region (4th administrative region of Mali). They know one another through ties of community, commerce and kinship, and they buy and sell condiments.

In order to meet the needs of an increasingly numerous and demanding group of customers, the members of the group have decided to join the micro-loan program offered by Soro Yiriwaso, and this is their first solidarity loan.

Baba Lassina, second from the left in the photo, is a very experienced "datou" seller. [Datou is a fermented condiment made from dah, a species of hibiscus]. Her goods are in high demand at the Mopti market. On market days especially, she sells to many customers who come from surrounding areas.

She is planning to use her loan to buy 500 kg of dah which she will processes into "datou".

She sells for cash to a retail customer base consisting of men and women.

Baba Lassina is expecting average monthly profits from this loan to reach 7,000 CFA francs, which will be reinvested in her activity and also used to help her husband with the household expenses.
View original language description ↓
Mariées majoritairement dans des familles traditionnelles élargies, les quatre femmes du groupe Soutoura ont en moyenne 35 ans et 5 enfants. Elles habitent toutes le village de Niazekan dans la région de Ségou (4ème région administrative du Mali) et se sont connues à travers des liens de voisinage, de leurs activités professionnelles et de parenté. Elles font l’achat et la vente de condiments.
Dans le but de satisfaire le besoin de leurs clientèles de plus en plus nombreuses et exigeantes, les membres du groupe décident d’intégrer le programme crédit de Soro Yiriwaso et sont à leur 1er prêt solidaire,
Madame, BABA LASSINA (2 eme debout de la gauche vers la droite) excelle dans la vente de datou. Elle est très sollicitée au marché de Mopti où elle effectue ses ventes surtout les jours de foire et où beaucoup de ses clients viennent des environnants.
Elle compte utiliser son prêt pour acheter 500 kg de dah qu’elle transforme en "datou"(une sorte de cube maggi locale). Elle effectue ses ventes au comptant, en détail à une clientèle mixtes.
Avec ce prêt, elle espère réaliser un bénéfice mensuel moyen
de 7.000 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
  • 37
    View loans »
    Mali Loans Fundraising
  • $10,710,275
    Funds lent in using Kiva
  • 511.1
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Soutoura Group's $175 loan helped a member to buy some "dah" (or Roselle, a species of Hibiscus).
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 2, 2012
Listed
Nov 12, 2012
Currency Exchange Loss:
Possible
Ended:
May 17, 2013