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Siminya Group
In this Group: Dado , Aminata , Aminata , Djènèba
The group consists of four women, the majority of whom are widowed. They are on average 45 years old and have on average 4 children. They all live in the Darsalam neighborhood in Ségou, which is the 4th administrative region of Mali. They know each other from their businesses at the Médine Ségou market. The group members sell beans, black-eyed peas, peanuts, and baskets. In the goal of growing their business funds, the group members decided to collaborate with Soro Yiriwaso and are on their fifth group loan. Mrs. Dado (the first woman standing on right in the photo) has a big reputation in selling black-eyed peas and peanuts in Darsalam. She plans to use her loan to buy 2,000 bunches of black-eyed peas and peanuts. She resells them for cash or credit from home to a clientele composed mainly of men. Mrs. Dado hopes to make 40,000 FCFA monthly with this loan, which will be used to reinvest into her business. Like the other women in the group, Mrs. Koumba hopes to build a long-term business in her partnership with Soro Yiriwaso.
View original language description ↓
Le groupe est constitué de quatre femmes qui sont majoritairement veuves vivant dans leur famille. Elles ont en moyenne 45ans et 4enfants. Elles habitent toutes dans le quartier de Darsalam Ségou qui est la 4ème Région administrative du Mali. Elles se sont connues à travers leurs activités génératrices de revenu au marché de Médine Ségou. Les membres du groupe font le petit commerce de haricot, des fanes de niébé ou d’arachide et des corbeilles. Dans le but d’augmenter leurs fonds de commerce, les membres du groupe ont décidé de collaborer avec Soro Yiriwaso et sont à leur 5ème cycle de prêt solidaire.
Madame Dado (la 1ère femme debout de la droite vers gauche sur la photo) a une grande réputation dans la vente des fanes de niébé ou d’arachide à Darsalam. Elle compte utiliser son prêt pour acheter 2000 bottes de fanes de niébé ou d’arachide. La revente se fait au comptant et à crédit à domicile à une clientèle composée majoritairement d’hommes. Madame Dado espère réaliser un bénéfice mensuel moyen de 40000 FCFA avec ce prêt, qui sera utilisé, pour être réinvesti dans l’activité. Tout comme les autres femmes du groupe, Madame Dado a pour objectif de pérenniser son activité dans ce partenariat avec Soro Yiriwaso.

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
  • 51
    View loans »
    Mali Loans Fundraising
  • $10,437,500
    Funds lent in using Kiva
  • 502.7
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Siminya Group's $800 loan helped a member to buy black-eyed peas and peanuts.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 23, 2013
Listed
Apr 25, 2013
Currency Exchange Loss:
Possible
Ended:
Nov 17, 2013