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Soutoura Group
In this Group: Wassa , Meh , Fatoumata , Fatoumata , Sadio , Adiaratou , Oumou , Safiatou
Married mostly into monogamous households, the eight members of the Soutoura group are, on average, 36 years old and have four children. They all live in Djelibougou, one of the neighborhoods of Bamako. They know each other through neighborhood ties and from their work at the Djelibougou market. The group members all work in small-scale commerce selling condiments (onions, cabbage, tomatoes), groundnut paste, and plastic shoes.

In order to increase their business funds, the group members decided to collaborate with Soro Yirwaso. They are on their first group loan.

Safiatou, standing in the first row on the left in the photo, is a great seller of condiments. She plans to use her loan to buy eight trays of tomatoes, five sacs of onions, and six sacs of cabbage at wholesale from the market. Sales will be made at retail in Djelibougou to mostly female customers.

With this loan, Safiatou hopes to earn a average monthly profit of 80,000 francs CFA which will be reinvested in her business and used to support her household expenses.
View original language description ↓
Mariées majoritairement dans des ménages monogamiques, les huit membres du groupe Soutoura ont en moyenne 36 ans et 4 enfants. Elles habitent toutes à Djelibougou l’un des quartiers de Bamako et se sont connues à travers des liens de voisinage et de leurs activités génératrices de revenu au marché de Djelibougou. Les membres du groupe font le petit commerce de, condiments (oignons, choux, tomates), pâtes d’arachides et chaussures plastiques. Dans le but d’augmenter leurs fonds de commerce, les membres du groupe ont décidé de collaborer avec Soro Yiriwaso et sont à leur 1er cycle de prêt solidaire.
Madame Safiatou, debout au premier rang de la gauche vers la droite, est une grande vendeuse des condiments qui compte utiliser son prêt pour acheter 8 corbeilles de tomate, 5 sacs d’oignons, 6 sacs de choux en gros au marché. La revente se fait en détail à Djelibougou à une clientèle composée majoritairement de femmes. Madame Safiatou compte avoir avec ce prêt un bénéfice mensuel moyen de 80 000 FCFA qui sera utilisé, pour être réinvesti dans l’activité et satisfaire les petits besoins du foyer.

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
  • 68
    View loans »
    Mali Loans Fundraising
  • $10,809,225
    Funds lent in using Kiva
  • 473.6
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Soutoura Group's $1,700 loan helped a member to buy condiments.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 9, 2014
Listed
Apr 19, 2014
Currency Exchange Loss:
Possible
Ended:
Oct 17, 2014