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Siguikadi Group
In this Group: Fatoumata M , Aichata , Fatoumata S , Maimouna , Setou
The group SIGUIKADI comprises five women, all married and averaging 30 years of age and four children each. The women live in traditional extended families in the Hérémakono Nord district of Bougouni City. They know one another through ties of community, friendship, and commerce. To bolster their financial capacity, so as to operate their businesses better, they joined the microfinance institution Soro Yiriwaso and are now on their second loan. The previous loan was indeed paid back.

This group of women does commerce in grains, as does SETOU, who is the only women sitting in the photo. She buys and sells grains and intends to use her loan to purchase 800 kg of corn from peasant producers. Accepting cash or credit, she makes her sales at the market and at home to a customer base composed essentially of women. She envisions making an average monthly profit of 25,000 francs CFA that will be reinvested in her work and used to repay the loan.
View original language description ↓
Le groupe SIGUIKADI est constitué de 5 femmes toutes mariées ayant une moyenne d’âge de 30 ans et 4 enfants. Elles vivent dans des familles traditionnelles élargies dans le quartier Hérémakono Nord 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 à été correctement remboursé. Ce groupe de femmes fait le commerce de céréales à l’image de SETOU ,qui est la seule femme assise dans la photo. Elle fait l’achat vente de céréales et compte acheter avec son prêt, 800Kgde maïs avec les paysans producteurs. 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 25.000FCFA 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
  • 8
    View loans »
    Mali Loans Fundraising
  • $10,386,300
    Funds lent in using Kiva
  • 503.2
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Siguikadi Group's $1,000 loan helped a member to purchase grains.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 24, 2013
Listed
Apr 26, 2013
Currency Exchange Loss:
Possible
Ended:
Nov 17, 2013