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Soutoura Group
In this Group: Moh, Mariam, Kourouni, Awa , Chata
Soutoura is a group belonging to the Minataton de Keleya association. It comprises five women who know each other through family and neighbourhood connections. They are on average 38 years old. Married with five children on average, they run various businesses such as the buying and selling of condiments and rice, which is the activity run by Moh, the second person standing from the right in the photo. They live in large traditional households in Keleya in the Bougouni prefecture (Sikasso region, Republic of Mali). They have run their small businesses for many years and are highly sought-after for their services.
With the hope of satisfying the increasing demands of their clientele, the group members decided to join Soro Yiriwaso's loan program. They are on their eighth solidarity (group) loan.
Moh, who is the group's president, is very well-known in Keleya and excels in selling rice. She intends to use her loan to buy several bags of locally produced rice. She gets her supplies in the neighbouring towns and in her area from wholesalers and sells her products in Keleya at retail, in cash and on credit, to a clientele composed of men and women.
She hopes to earn a monthly profit of 30,000 FCFA, which will allow her to repay her loan and reinvest in her business.
Soutoura est un groupe de l’association Minataton de Keleya. Il regroupe 5 femmes qui se sont connues à travers des liens de parenté et de voisinage. Elles ont une moyenne d’âge de 38 ans. Mariées avec cinq enfants en moyenne, elles mènent différentes activités telles l’achat vente de condiments et de riz à l’image de Moh qui est la deuxième personne debout de la droite vers la gauche de la photo. Elles vivent dans des grandes familles traditionnelles à Keleya dans la préfecture de Bougouni (Région de Sikasso, République du Mali). Elles sont dans le petit commerce depuis plusieurs années et sont très sollicitées dans leurs activités.
Dans le souci de satisfaire le besoin croissant de leur clientèle, les membres du groupe ont décidé d’intégrer le programme crédit de Soro Yiriwaso. Elles sont à leur huitième prêt solidaire.
Moh, qui est la présidente du groupe et très connue à Keleya et excelle dans la vente de riz. Elle compte utiliser son prêt pour acheter, quelques sacs de riz de production locale. Elle s’approvisionne dans les villages environnants et sur place auprès des grossistes et vend ses produits à Keleya, en détail, au comptant et à crédit, à une clientèle composée d’hommes et de femmes.
Elle espère sur un bénéfice mensuel de 30.000FCFA somme qui lui permettra de rembourser le prêt et de réinvestir dans son activité.

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
  • 15
    View loans »
    Mali Loans Fundraising
  • $9,921,450
    Funds lent in using Kiva
  • 481.3
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Soutoura Group's $1,050 loan helped a member to buy rice.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 15, 2013
Listed
Feb 4, 2013
Currency Exchange Loss:
Possible
Ended:
Aug 17, 2013