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Siguikame Group
In this Group: Maminata , Korotoumou , Korotoumou , Sali
The 4 members of the Siguikame group are married women with an average age of 46 and, on average, 4 children, most of whom live in traditional families in Siékourani, a village in the rural commune of Loulouni, part of the Sikasso region (3rd administrative region of Mali). They are on their 24th group loan from the MFI Soro Yiriwaso, in order to be able to satisfy their customer needs.

Korotoumou is the group representative who sells cereals. She is standing second from the right in the picture. She plans to use her loan to buy 18 100-kilo bags of cereals. She gets her supplies in Loulouni and the villages around Loulouni (town). She then stores her supplies in a large warehouse on her property before reselling it. She makes her sales, for cash or credit, from her home and at the market to a retail clientèle made up of men and women. She expects to make an average monthly profit of 50 000 francs, part of which will be used to repay the loan and part of which she will save.

Les quatre membres du groupe Siguikame sont des femmes mariées avec une moyenne d’âge de 46 ans, et ont en moyenne 4 enfants, vivant la plupart dans des familles traditionnelles à Siékourani un village de Loulouni faisant partir de la région de Sikasso 3ème région administrative du Mali.
Elles sont à leur vingt-quatrième prêt solidaire avec l’institution de micro finance Soro Yiriwaso afin de satisfaire le besoin de leur clientèle.
Mme Korotoumou fait la vente de céréale dans ce groupe de femmes Siguikame, Elle est débout à la deuxième position de la droite vers la gauche sur la photo.
Elle compte acheter avec son prêt 18 sacs de 100 kg de céréales, elle s’approvisionne à Loulouni et les villages environnants de Loulouni. Après l’approvisionnement elle faite les stockages dans un grand magasin à domicile avant la vente. Sa vente se faite en détail à la maison et au marché à une clientèle composée d’ homme et de femme au comptant et à crédit.
Elle envisage réaliser un bénéfice mensuel moyen de 50 000 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
  • 11
    View loans »
    Mali Loans Fundraising
  • $10,173,725
    Funds lent in using Kiva
  • 471.6
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Siguikame Group's $1,700 loan helped a member to buy cereals.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 17, 2014
Listed
Mar 20, 2014
Currency Exchange Loss:
Possible
Ended:
Sep 17, 2014