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Saniya Group
In this Group: Mamou , Djahara, Rokiatou, Aminata , Mariam, Fatoumata
The six members of the Saniya group are mostly married and living in monogamous families. On the average, they are 34 years old, with three children. They all live in the Medine neighborhood in Segou (the third administrative district of Mali). They know each other through their work or as neighbors or relatives by blood or marriage. They retail firewood, charcoal, clothing and hair extensions. With the goal of bolstering their working capital, the group members have joined Soro Yiriwaso and are no on their fourth solidarity loan cycle.

Mrs. Fatoumata (the third one standing from the left in the photo) is known in the Medien neighborhood as a vendor selling quality firewood and charcoal. She plans to use her loan to buy some cartloads of firewood and bags of charcoal. She sells out of her home, for cash, to a customer base composed of both men and women. With this loan, Mrs. Fatoumata hopes to achieve an average monthly revenue of 42,000 West African francs, one part of which will be reinvested in her business and the other used to cover the costs of condiments for her household.
View original language description ↓
Les six membres du groupe Saniya sont majoritairement mariés dans des familles monogamiques. Elles ont en moyenne 34 ans et 3 enfants. Elles habitent toutes dans le quartier de Médine à Ségou (4ème région administrative du Mali). Elles se sont connues à travers des activités génératrices de revenu, des liens de voisinage, de parenté et de mariage. Elles font le petit commerce de bois de chauffe, de charbon de bois, d’habits et de mèche pour les cheveux. Dans le but d’augmenter leurs fonds de commerce, les membres du groupe ont adhéré à Soro Yiriwaso et sont à leur 4ème cycle de prêt solidaire.
Madame Fatoumata (3ème femme debout à gauche vers la droite dans la photo) est connue dans le quartier de Médine pour la vente des bois et charbon de bonne qualité. Elle compte utiliser son prêt pour acheter des chargements de charrettes en bois de chauffe et en sacs de charbon de bois. La revente se fait à domicile au comptant et crédit à clientèle composée d’hommes et de femmes. Avec ce prêt, Madame Fatoumata espère réaliser un bénéfice mensuel moyen de 42000 FCFA dont une partie sera réinvestie dans l’activité et l’autre pour la prise en charge des besoins du foyer en condiments.

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
  • 134
    View loans »
    Mali Loans Fundraising
  • $11,272,850
    Funds lent in using Kiva
  • 494.1
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Saniya Group's $1,225 loan helped a member to buy firewood and charcoal.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 25, 2013
Listed
Aug 3, 2013
Currency Exchange Loss:
Possible
Ended:
Feb 17, 2014