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Kossomine Group
In this Group: Korotoumou , Mariam , Mariam , Sali , Anchata , Adiaratou , Koumba
The seven members of the Kossomine Group are all married women with an average age of 48 and an average of five children each. Most of them live within traditional family frameworks in Kaboila, a village very close to Sikasso in the third administrative region of Mali. In order to better serve their customers, this will be their eleventh loan with the Soro Yiriwaso Microfinance Institution. Adiaratou, the woman sat in the middle of the first row of the photograph, alongside the other women of the Kossomine Group, sells waxed pagne cloth. She plans on using this loan to purchase 19 sheets of waxed pagne cloth in Sikasso, where her quality wares are greatly sought-after by her customers. The resale is carried out in Sikasso and in Kaboila to both male and female customers, accepting both cash and credit. She plans on making an average monthly profit of 27,000 FCFA, part of which will be used to pay off the loan and its interest while the rest will go towards her savings.
View original language description ↓
Les sept membres du groupe KOSSOMINE sont des femmes mariées avec une moyenne d’âge de 48 ans, et ont en moyenne 5 enfants. Elles vivent la plupart dans des familles traditionnelles à KABOILA un village tout près de la ville de Sikasso 3ème région administrative du Mali.
Elles sont à leur onzième prêt solidaire avec l’institution de micro finance Soro Yiriwaso afin de satisfaire le besoin de leur clientèle.
Madame ADIARATOU assise au milieu sur la photo dans ce groupe des femmes KOSSOMINE, fait la vente des pagnes wax réal .
Elle compte acheter avec son prêt 19 pièces de pagnes wax réal à Sikasso où elle est beaucoup sollicitée par sa clientèle pour la qualité de ses produits. La revendre se fait en détail sur place et à KABOILA à une clientèle composée d’ hommes et de femmes au comptant et à crédit.
Elle envisage réaliser un bénéfice mensuel moyen de 27 000 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
  • 41
    View loans »
    Mali Loans Fundraising
  • $10,429,550
    Funds lent in using Kiva
  • 476.9
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Kossomine Group's $1,125 loan helped a member purchase waxed pagne cloth.
100% repaid
Repayment Term
5 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 7, 2014
Listed
May 12, 2014
Currency Exchange Loss:
Possible
Ended:
Sep 17, 2014