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Serieux Group
In this Group: Lala, Mamou, Awa, Massira, Marietou, Chata, Sali
The Serieux Group is made up of seven married women who, on average, are 38 years old and have 4 children. They live in large traditional families in the Niebala quarter of the town of Bougouni. They know one another through neighborhood, friendship and business ties. To strengthen their financial capacity, in order to better run their business, they joined the Soro Yiriwaso microfinance institution, with which they are on their second loan. The previous loan was properly repaid. This group of women sells grain and traditional soaps, like Sali, who is the third woman standing in the photo from the left to the right. With her loan, she expects to buy 500 kilograms of corn, 400 kilograms of millet, and potash and oil for making traditional soap. She stocks up at the wholesalers of Bougouni. She makes her sales at the market and from her home, at retail, for cash and for credit to a mixed clientele. She expects to make an average monthly profit of 28,000 francs CFA which will be reinvested in her business and used to repay the loan.
View original language description ↓
Le groupe SERIEUX est constitué de sept femmes mariées ayant une moyenne d’âge de 38 ans et 4 enfants. Elles vivent dans des familles traditionnelles élargies dans le quartier NIEBALA de la ville de Bougouni.
Elles se sont connues à travers des liens de voisinage, d’amitié et de commerce. Pour renforcer leur capacité financière afin de mieux faire leur commerce, elles ont adhéré à l’institution de microfinance Soro Yiriwaso avec laquelle elles sont à leur deuxième prêt. Le précédent prêt a été correctement remboursé. Ce groupe de femmes fait le commerce de céréales et des savons traditionnels à l’image de SALI qui est la 3ème femme debout dans la photo de la gauche vers la droite. Elle compte acheter avec son prêt, 500 kg de maïs, 400 kg de mil, de la potasse et de l’huile pour fabriquer des savons traditionnels. Elle s’approvisionne auprès des grossistes de Bougouni. Elle effectue ses ventes au marché et à domicile, en détail au comptant et à crédit à une clientèle mixte .
Elle envisage réaliser un bénéfice mensuel moyen de 28.000FCFA qui sera investi dans les activités et rembourser le prêt.

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
  • 6
    View loans »
    Mali Loans Fundraising
  • $9,897,325
    Funds lent in using Kiva
  • 474.7
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A portion of Serieux Group's $1,475 loan helped a member to purchase grains and the ingredients for soap-making.
99% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 22, 2014
Listed
Apr 28, 2014
Currency Exchange Loss:
Possible
Ended:
Nov 17, 2014