The members of the Danaya group of the Bolodignogoma association are married women with an average age of 36 and 5 children . They live with their husbands and children in large traditional families in the city of Dioïla, located in the Dioïla prefecture of the Koulikoro region in Mali.
They know each other through their ties of community and kinship. These women sell various items, and they have incorporated the microfinance institution Soro Yiriwaso in order to sustain their lucrative business. They are in their fourth group loan and all three previous loans have been properly reimbursed.
With this loan they plan to buy a large quantity of charcoal and soaps. They supply themselves locally and from surrounding villages, reselling on site in Dioïla to a clientele of women and men. They plan to make a monthly profit of 40,000 FCFA per person. The profits are partly reinvested in their business, with the rest going towards daily family expenses.
Elles se sont connues par des liens de voisinage et de parentés. Elles exercent le commerce d’articles divers. Ces femmes ont intégrés l’institution de microfinance Soro Yiriwaso dans le but de pérenniser leurs activités lucratives. Elles sont à leur quatrième prêt de groupe et tous les trois prêts précédents ont été correctement remboursés.
Avec ce prêt elles comptent acheter, une grande quantité de charbon de bois et des savons. Elles s’approvisionnent sur place et dans les villages environnants et sont revendus sur place à Dioïla à une clientèle composée de femmes et d’hommes. Elles envisagent réaliser un bénéfice mensuel de 40 000FCFA par personne. Les bénéfices sont d’une part réinvestis dans l’activité et d’autre part dans les dépenses quotidiennes de la famille.
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