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Solidarité Group
In this Group: Salimata , Astan , Rose , Moussokoura
The Solidarité group is made up of four married women, most of whom live in polygamous families. On average, they are 34 and have three children. They all live in Kalaban Coro, which is the administrative centre of an area in Kati (the second administrative region of Mali).

They know each other through being neighbours, relations and business partners at the local market. The members of the group are involved in small-scale businesses selling juice, onions, cosmetics (tubes of skin cream, hair extensions, etc.) and various other products (sugar, tea, coffee, soap, etc.).

In order to increase their business funds, the members of the group have decided to collaborate with Soro Yiriwaso and this is their first solidarity loan cycle.

Astan (the woman standing second from the left) is a well-known onion seller at the local market. She is hoping to use her loan to buy 330 kg of onions. She buys her supplies at the grand market from stallholders from Niono. She then sells on her goods to individuals at the local market. The majority of her customers are women.

Astan hopes that with this loan she can make an average of 40,000 CFA francs per month, which she will use to reinvest in the business and provide for her family. Like the other members of the group, Astan’s ambition is to buy a plot of land to use for housing.
View original language description ↓
Le groupe Solidarité est constitué de quatre femmes mariées majoritairement dans des familles monogamiques. Elles ont en moyenne 34ans et 3 enfants. Elles habitent toutes à Kalaban Coro qui est un chef lieu de commune dans le cercle de Kati (2ème région administrative du Mali). Elles se sont connues à travers des liens de voisinage et de leurs activités génératrices de revenu au marché du quartier. Les membres du groupe font le petit commerce de jus, d’oignons, des produits cosmétiques (tubes de crème de peaux, mèches, …) et des produits divers (sucre, thé, café, savon, …). Dans le but d’augmenter leurs fonds de commerce, les membres du groupe décident de collaborer avec Soro Yiriwaso et sont à leur 1er cycle de prêt solidaire.
Madame Astan (la 2ème femme debout de la gauche vers la droite) est une grande vendeuse d’oignon dans le marché du quartier. Elle compte utiliser son prêt pour acheter 330 kg d’oignon. Elles s’approvisionnent au grand marché avec les forains de Niono. La revente se fait au comptant au marché du quartier à une clientèle composée majoritairement de femmes. Madame Astan espère réaliser avec ce prêt un bénéfice mensuel moyen de 40 000 FCFA avec ce prêt, qui sera utilisé, pour être réinvesti dans l’activité et subvenir aux besoins de sa famille. Tout comme les autres membres du groupe, Madame Astan a pour objectif d’acheter une parcelle à usage d’habitation.

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
  • 6
    View loans »
    Mali Loans Fundraising
  • $9,897,325
    Funds lent in using Kiva
  • 495.2
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Solidarité Group's $825 loan helped a member to buy onions.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 24, 2013
Listed
Jun 10, 2013
Currency Exchange Loss:
Possible
Ended:
Dec 17, 2013