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Sindjiya Group
In this Group: Djeneba , Fanta , Dady , Mariam , Gnamagolo
The Sindjiya group is composed of five married women, who average 34 years of age and 5 children. Most of them live in traditional conjugal families in TINGOLE, a village in the FANA subprefecture (DIOÏLA prefecture, region of KOULIKORO, Republic of Mali). They sell cereals, and got acquainted through bonds of neighborhood and business. In view of bolstering their businesses, they decided to join Kiva's partner, the microfinance institution Soro Yiriwaso, from which they are seeking their seventh solidarity loan. The previous loans included four agricultural loans, and were all repaid without problems.


With this loan, they intend to buy 1.5 ton of corn, 900 kg of sorghum, and 400 kg of beans. The products will be bought from producers in TINGOLE and in the surrounding villages, to be retailed for cash, to a clientele comprising both men and women. They foresee turning a monthly profit of XOF 8'000 (ca US$ 16) each, to be invested in other money-making businesses.

View original language description ↓
Composé de cinq femmes, les membres du groupe Sindjiya de l’association Dabawara sont tous mariées et ont une moyenne d’âge de 34 ans et de 5 enfants. Elles vivent en majorité dans des familles conjugales traditionnelles dans le village de TINGOLE, sous préfecture de FANA, dans la préfecture de DIOÏLA région de KOULIKORO république du Mali.
A travers des relations voisinage et de commerce, elles se sont connues et font le commerce de céréales.
Dans l’objectif de renforcer leurs activités elles ont décidé d’adhérer à l’institution de microfinance Soro Yiriwaso. Elles sont à leur septième prêt de groupe dont quatre prêts agricoles. Les précèdent prêts ont été correctement remboursés.
Avec ce prêt elles comptent acheter 1,5 tonnes de maïs, 900 kg de sorgho et 400 kg de haricot. Les produits seront achetés auprès des producteurs de TINGOLE et ces villages environnants pour être revendus en détail et au comptant à une clientèle composée d’hommes et de femmes.
Elles envisagent d’obtenir chacune avec ce prêt un bénéfice mensuel de 8 000 FCFA qui sera utilisé dans d’autres activités génératrices de revenues.

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
  • 23
    View loans »
    Mali Loans Fundraising
  • $9,946,525
    Funds lent in using Kiva
  • 495.3
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Sindjiya Group's $525 loan helped a member to buy 1.5 ton of corn, 900 kg of sorghum, and 400 kg of beans.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 25, 2009
Listed
May 1, 2009
Currency Exchange Loss:
Covered
Ended:
Oct 15, 2009