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Diema Group
In this Group: Kadia , Salimata , Sitan , Sata, Bintou
The Diema group belongs to the Siguikafo association in Tiele. It includes women who became acquainted through kinship and neighborhood ties. They are on average 40 years old, married with five children.

They conduct various activities such as the retail trade of cosmetics like Kadia, who is the first person sitting at the right in the photo. They live in large traditional families in Tiele, in the Baguineda sub-district (Koulikoro region, Republic of Mali).

They have been running small businesses for several years and are in high demand with their cosmetic-trading activities: perfumes, lip balms and soap.

To satisfy the growing needs of their customers, the group decided six years ago to join the Soro Yiriwaso loan program. They are on their eighth group loan.

Kadia, who is the president of the group and very well known in Tiele, excels in selling cosmetics. She plans to use her loan to buy 20 cartons of perfumes and 20 cartons of soap. She resupplies from wholesalers in Bamako and locally, and retails her products in Tiele, for cash and on credit, to a clientele composed of men and women.

She hopes to attain monthly profits of 22,500 CFA francs, which will enable her to repay the loan and reinvest the remainder in her cosmetics-trading activities.
View original language description ↓
DIEMA est un groupe de l’association SIGUIKAFO de TIELE. Il regroupe des femmes qui se sont connues à travers des liens de parenté et de voisinage. Elles ont une moyenne d’âge de 40 ans. Mariées avec en moyenne cinq enfant, elles mènent différentes activités telles l’achat vente des produits cosmétique à l’image de KADIA qui est la première personne assise à droite de la photo. Elles vivent dans des grandes familles traditionnelles à TIELE dans la Sous-Préfecture de BAGUINEDA (Région de Koulikoro, République du Mali).
Elles sont dans le petit commerce depuis plusieurs années et sont très sollicitées dans leurs activités d’achat vente des produits cosmétique : parfums, crème à lèvre et savon.
Dans le souci de satisfaire le besoin croissant de leurs clientèles, les membres du groupe ont décidé d’intégrer le programme crédit de Soro Yiriwaso, il y a six ans. Elles sont à leur huitième prêt solidaire.
KADIA, qui est la présidente du groupe et très connue à TIELE, excelle dans la vente des produits cosmétiques. Elle compte utiliser son prêt pour acheter, 20 cartons de parfum et 20 cartons de savon. Elle s’approvisionne à Bamako et sur place auprès des grossistes et vend ses produits à TIELE en détail, au comptant et à crédit, à une clientèle composés d’hommes et de femmes.
Elle espère sur un bénéfice mensuel de 22.500FCFA somme qui lui
permettra de rembourser le prêt et réinvestir le reste dans son activité d’achat vente des produits cosmétique.

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
  • 36
    View loans »
    Mali Loans Fundraising
  • $10,780,200
    Funds lent in using Kiva
  • 474.8
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Diema Group's $1,600 loan helped a member buy cosmetics.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 10, 2014
Listed
Apr 28, 2014
Currency Exchange Loss:
Possible
Ended:
Oct 17, 2014