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Etoile Group
In this Group: Sanata , Oumou , Maladon , Fati, Aminata , Lala, Doussou
The seven members of the group ETOILE are married women, who average 40 years of age and five children each, all living mostly in monogamous families in OUAYERMA I, a working-class district of Sikasso City, in the 3rd administrative region of the Republic of Mali. The women are on their sixth loan with the microfinance institution Soro Yiriwaso to meet the needs of their customer.

Ms. AMINATA, who is sitting at the far left, does commerce in secondhand clothing in this group. She intends to use her loan to purchase 2 bales of used clothing, which she will sell retail for cash to men and women customers at a fixed spot with family in Sikasso.

She envisions making an average monthly profit 35,000 francs CFA. Part of the profits is used to pay back the loan with interest, and the other part goes to her savings.
View original language description ↓
Les sept membres du groupe ETOILE sont des femmes mariées avec une moyenne d’âge de 40 ans, et ont en moyenne 5 enfants. Elles vivent la plupart dans des familles monogamiques à OUAYERMA I un des quartiers populaires de la ville de Sikasso 3ème région administrative du Mali.
Elles sont à leur sixième prêt avec l’institution de micro finance Soro Yiriwaso afin de satisfaire le besoin de leur clientèle.
Mme AMINATA assise à l’extrême gauche fait le commerce de friperie dans ce groupe.
Elle compte acheter avec son prêt 2 balles de friperies qu’elle revendra en détail à Sikasso à une place fixe et en famille à une clientèle composée d’hommes et de femmes au comptant.
Elle envisage réaliser un bénéfice mensuel moyen de 35.000 francs CFA 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
  • 19
    View loans »
    Mali Loans Fundraising
  • $10,748,325
    Funds lent in using Kiva
  • 480.0
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Etoile Group's $2,200 loan helped a member to purchase secondhand clothing to sell.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 30, 2013
Listed
Oct 21, 2013
Currency Exchange Loss:
Possible
Ended:
Apr 16, 2014