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Lumiere Group
In this Group: Mariam , Kissa , Agaissa, Aoua
The four members of the group LUMIÈRE are essentially married women averaging 45 years of age and three children each. The women live for the most part in traditional families in Hamdallaye, a working-class district in Sikasso City (3rd administrative region of the Republic of Mali). They are on their third loan with the microfinance institution Soro Yiriwaso to satisfy the needs of their customers. The previous loans were indeed settled.

MARIAM, who is standing fourth from the left in the photo, sells incense in this group of women. She is famous for incense, thus she is a vendor in high demand. She intends to use her loan for raw materials, such as 'gueni', perfumes, and 'magnonkisèni' for making incense. Accepting cash or credit, she sells these products door to door and with her family to a customer base composed of men and women. She gets her supplies of raw materials locally and sells in Sikasso.

She envisions making an average monthly profit of 25,500 francs CFA. Part of the profits is used to repay the loan with interest, and the other part is for her savings.
View original language description ↓
Les quatre membres du groupe LUMIÈRE sont essentiellement de femmes mariées avec une moyenne d’âge de 45 ans, et ont en moyenne 3 enfants. Elles vivent la plupart dans des familles traditionnelle à Hamdallaye un des quartiers populaires de la ville de Sikasso 3ème région administrative du Mali.
Elles sont à leur troisième prêt avec l’institution de micro finance Soro Yiriwaso afin de satisfaire le besoin de leur clientèle. Les prêts antérieure ont été bien dénoué.
MARIAM debout en quatrième position de la gauche vers la droite sur la photo fait la vente d’encens dans ce groupe de femmes LUMIÈRE, sa renommée en la matière fait d’elle une vendeuse très sollicitée.
Elle compte acheter avec son prêt la matière première comme gueni, parfums et magnonkisèni pour fabriquer de l’encens. Elle les revend de façon ambulante et en famille au comptant et à crédit à sa clientèle composée d’hommes et de femmes. Elle s’approvisionne en matière première su r place et vend à Sikasso.
Elle envisage réaliser un bénéfice mensuel moyen de 25.500FCFA dont une partie est utilisée pour payer le prêt et son interêt et l’autre pour son épargne .

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
  • 22
    View loans »
    Mali Loans Fundraising
  • $9,975,475
    Funds lent in using Kiva
  • 491.1
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Lumiere Group's $825 loan helped a member to purchase ingredients for making incense.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 3, 2013
Listed
Jun 20, 2013
Currency Exchange Loss:
Possible
Ended:
Dec 17, 2013