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Jiguiya Group
In this Group: Maimouna , Salimata , Aoua , Djenedie
The four members of the group JIGUIYA are married women, who average 32 years of age and three children each. The women lives 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 14th loan with the microfinance institution Soro Yiriwaso to meet the needs of their customers.

Ms. MAIMOUNA does commerce in clothing (used) in this group of women. She is first at the right in the photo. She intends to use her loan to purchase 2 bales of secondhand clothing in Sikasso. She makes her sales retail to a customer base composed of men and women paying with cash or credit at the house or at the market. She envisions making an average monthly profit of 32,500 francs CFA. Part of the profits is used to pay back the loan with interest, and the other part goes toward her savings.
View original language description ↓
Les quatre membres du groupe JIGUIYA sont des femmes mariées avec une moyenne d’âge de 32 ans, et ont en moyenne 3 enfants. Elles vivent la plupart dans les familles traditionnelle à HAMDALLAYE un des quartiers populaire de la ville de SIKASSO 3ème région administrative du Mali.
Elles sont à leurs quatorzièmes prêts avec l’institution de micro finance Soro Yiriwaso afin de satisfaire le besoin de leur clientèle.
Mme MAIMOUNA fait le commerce d’habits (friperie) dans ce groupe de femmes. Elle est la première position de la droite vers la gauche sur la photo.
Elle compte acheter avec son prêt 2 balles de friperie à Sikasso. Elle vend au détail à la maison et au marché à une clientèle composée d’hommes et de femmes au comptant et à crédit.
Elle envisage réaliser un bénéfice mensuel moyen de 32 500 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
  • 26
    View loans »
    Mali Loans Fundraising
  • $9,945,750
    Funds lent in using Kiva
  • 477.6
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Jiguiya Group's $1,050 loan helped a member to purchase bales of secondhand clothing.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 5, 2014
Listed
Feb 28, 2014
Currency Exchange Loss:
Possible
Ended:
Aug 17, 2014