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Siguitèmasson (C’Est Le Travail Qui Paye) Group
In this Group: Korotimi, Ada, Oumou, Maimouna, Aissa, Minta
The six members of Siguitèmasson group are an average 41 years old and have on average 4 children. They live in traditional extended families with their husbands and co-spouses, parents-in-law, brothers and sisters, and their children in the Ouassila Wèrè section of the village of Ouassila, Ségou Prefecture (Republic of Mali). The members of the Siguitèmasson group are linked by bonds of kinship and friendship. In view of their mutual confidence, they decided to ask for a loan from Soro Yiriwaso. This is their first group loan (jointly liable loan) with the institution, after a series of four training courses.

The members of the Siguitèmasson group sell firewood, cereals, soap, and yams. With the loan they expect to buy 3 cartloads of firewood, 150 kg of cereals, 1 sack of yams, ½ sack of locally fabricated soap, 2 cases of detergent. They buy the firewood locally (they have a permit allowing them to cut wood, issued by the office responsible for nature conservation of Ségou). As for the cereals, they purchase them in neighboring villages (such as Konodimini). The soap and the yams are bought in Ségou.

The sale of these articles is generally done in the village, retail, for cash and on credit out of their homes and on the village square. The wood is sold in Ségou or to merchants coming from Ségou. Their clients are generally women and a few men.

They hope to have an average monthly profit of 6,000 FCFA (about US$ 15) that they will use to help their husbands pay family expenses, investing any remainder in their businesses.

Translated from French by Teresa Kramer, Kiva volunteer

Les six (6) membres du groupe Siguitèmasson ont une moyenne d’âge de 41 ans, 4 enfants et vivent dans des familles traditionnelles élargies avec leurs maris des coépouses les beaux parents les frères et sœurs et leurs enfants dans le quartier Ouassila Wèrè du village de Ouassila, préfecture de Ségou (république du Mali). Les membres du groupe Siguitèmasson sont liés par des liens de parenté et d’amitié. En raison de la confiance mutuelle, elles ont décidé de solliciter un prêt auprès de Soro Yiriwaso. Elles sont à leur premier prêt de groupe (crédit solidaire) avec l’institution. Après une série de quatre formations.

Les membres du groupe Siguitèmasson, exercent le commerce du bois de chauffe, des céréales, des savons et des tubercules. Avec le prêt elles comptent acheter 3 chargements de charrette, 150 kg de céréales 1sac de tubercule, 1/2 sac de savon de fabrication locale, 2 cartons de savon de lessives. Elles s’approvisionnent sur place en bois de chauffe (elles deteinnent un permis de coupe de bois délivré par les services compétents de la conservation de la nature de Ségou). Pour les céréales, elles achètent dans les villages voisins (tel Konodimini). Pour le savon, les tubercules les achats se font à Ségou.

La vente de ces articles se fait généralement au village en détail au comptant et à crédit à domicile et sur la place publique du village. Par contre le bois est vendu à Ségou ou à des commerçants venant de Ségou. Leurs clients sont généralement des femmes et quelques hommes.

Elles espèrent réaliser un bénéfice moyen mensuel de 6.000FCFA qu’elles utiliseront à aider leurs maris à subvenir aux charges de la famille et investir le reste dans les activités.

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

  • $1,100
    Average annual income
  • 34
    View loans »
    Mali Loans Fundraising
  • $12,566,050
    Funds lent in using Kiva
  • 421.0
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Siguitèmasson (C’Est Le Travail Qui Paye) Group's $375 loan helped a member purchase and splitting of firewood; cereals; soap and yams

Achat et coupe de bois de chauffe ; céréales ; des savons et des tubercules.

100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Aug 18, 2008
Aug 3, 2008
Currency Exchange Loss:
Mar 16, 2009