The members of Kanoumafin group run businesses selling various items such as cosmetics, pagnes wax (a type of brightly-printed West African cloth), cereals, soap, perfumes, children's clothing, etc.
After having repaid their four previous loans properly, this group is working on their fifth solidarity (group) loan through Soro Yiriwaso (one of Kiva's field partners).
The intend to use their loan to buy 5 bags of rice, 3 bags of niebe beans, 10 bags of fonio (a type of grain), 70 pieces of pagnes wax, and a roll of damask (to be dyed before selling). They obtain their supplies of cereals in Koutiala, and their pagnes wax and damask at the grand market in Bamako. The products are sold in cash or on credit at the fairs in Dougabougou, Sibila, Siribala, Boussin, and Diamarabougou to a mixed clientele.
They foresee making an average monthly profit of 53,000 FCFA, which will be used for their business and to buy piece by piece their daughters' wedding trousseaus.
Their goal is to maintain their collaboration with Soro Yiriwaso in order to increase as much as possible the size of their businesses by saving and obtaining further loans.
Les membres du groupe Kanoumafin exercent le commerce d’articles divers tels la vente des produits cosmétiques, de pagnes wax, de céréales, de savons, de parfums, d’habits pour enfants etc.
Après avoir bien remboursé les quatre prêts précédents, ce groupe est à son cinquième prêt solidaire avec Soro Yiriwaso.
Elles comptent utiliser leur prêt pour acheter, 5 sacs de riz, 3 sacs de niébé, 10 sacs de fonio, 70 pièces de pagnes wax et un rouleau de bazin (à teinter avant d’être vendu). Elles se ravitaillent en céréales à Koutiala, en pagnes wax et bazins au grand marché de Bamako. Les produits sont revendus au comptant et à crédit dans les foires de Dougabougou, Sibila, Siribala, Boussin et Diamarabougou à une clientèle mixte.
Elles envisagent réaliser un bénéfice mensuel moyen de 53 000 FCFA qui sera utilisé dans leurs activités et pour l’achat petit à petit des trousseaux de mariage pour leurs filles.
Elles ont pour ambition d’entretenir leur collaboration avec Soro Yiriwaso afin d’augmenter le plus que possible le volume de leurs activités en épargnant et en contractant le plus de prêts.
Important InformationSoro 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.
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Success!! The loan was 100% repaid