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Sinignessigui Group
In this Group: Maimouna , Madoussou , Kadi , Djenebou Madou , Tene , Aminata, Anchata
The seven members of the Sinignessigui group are married women who, on average, are 32 years old and have three children. They live mostly in monogamous families in the Bougoula neighborhood, one of the outer areas of the town of Sikasso, third administrative region of Mali. The group is on their 12th loan with the micro-finance institution Soro Yiriwaso, in order to satisfy their customers' needs.

In this group of women, Kadi sells soap. She is standing third from the left in the photo. With her loan she plans to buy 20 bags of kabocourouni soap. She sells these goods at a market and from home for cash to male and female customers.

Kadi hopes to earn an average monthly profit of 75,000 francs CFA, in which a part will be used to pay back the loan and the interest and the other part will be put in savings.
View original language description ↓
Les 7 membres du groupe Sinignessigui sont des femmes mariées avec une moyenne d’âge de 32 ans, et ont en moyenne 3 enfants. Elles vivent la plupart dans des familles monogamiques au quartier Bougoula hameau un des quartiers périphérique de la ville de Sikasso 3ème région administrative du Mali.
Elles sont à leur douzième prêt avec l’institution de micro finance Soro Yiriwaso, dans le souci de satisfaire le besoin de leur clientèle.
Mme Kadi fait la vente de savons dans ce groupe de femmes. Elle est debout en troisième position de la gauche vers la droite sur la photo.
Elle compte acheter avec son prêt 20 sacs de savon kabocourouni. Elle vend ses articles au marché et à la maison. Elle vend au comptant à une clientèle constituée de femmes et d’homme.
Elle envisage réaliser un bénéfice mensuel moyen de 75 000 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.

Tags

About Mali

  • $1,200
    Average annual income
  • 15
    View loans »
    Mali Loans Fundraising
  • $10,173,725
    Funds lent in using Kiva
  • 475.5
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Sinignessigui Group's $2,950 loan helped a member to buy soap.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 24, 2013
Listed
Jan 1, 2014
Currency Exchange Loss:
Possible
Ended:
Jul 18, 2014