They met each other through family and neighborhood connections. To help their husbands, they have a retail business and sell various products. These women have joined the microfinance institution Soro Yiriwaso, hoping to improve their business.
With this first loan, they intend to buy a considerable amount of fruits and vegetables, as well as several other products. They buy all these different items in Bamako, while fruits and vegetables come from their own neighborhood. Their customers are men and women of their hometown, Dioïla.
They aim to achieve an individual monthly profit of 49 900FCFA. Part of this profit will be invested in their business, the rest will be used to provide for the daily expenses of their families.
Elles se sont connues par des liens de voisinage et de parentés. Elles exercent le commerce d’articles divers pour aider leur mari. Ces femmes ont intégrés l’institution de microfinance Soro Yiriwaso dans le but de pérenniser leurs activités lucratives.
Elles sont leur premier prêt de groupe avec l’institution.
Avec ce prêt elles comptent acheter, une grande quantité de fruits et légumes et beaucoup d’articles divers. Les articles divers sont achetés à Bamako et les fruits et légumes sont achetés sur place et dans les villages environnants. Elles vendent sur place à Dioïla à une clientèle composée de femmes et d’hommes.
Elles envisagent réaliser un bénéfice mensuel de 49 900FCFA 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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