They joined the microfinance institution Soro Yiriwaso in order to ensure a continuous financial support to their activities. This is their seventh solidarity loan. They have repaid all their previous loans on schedule.
As regards this new loan, the group members will buy a large quantity of food condiments, cereals and clothes. The condiments and clothes will be bought wholesale in Bamako, whereas the cereals will be bought in the surrounding countryside. They will resell all this at the market in Fana, located next to the tarred road, to a clientele made up of women and men.
They expect to make an average monthly profit of 35,000 CFA francs each. They will spend part of their profit on food and healthcare and reinvest part of it in their businesses.
Elles se sont connues à travers des liens de voisinage et de commerce.
Elles collaborent avec l’institution de microfinance Soro Yiriwaso dans le souci d’avoir constamment un appui financier pour leurs activités.
Elles sont à leur septième prêt solidaire et tous les prêts précédents ont été correctement remboursés.
Quant à l’utilisation de ce nouveau prêt, elles achèteront, une grande quantité de différentes sortes de condiments alimentaires, des céréales et des habillements.
Les condiments et les habillements sont achetés en gros à Bamako et les céréales sont achetées aux environs du village et le tout est revendu au marché de Fana au bord du goudron à une clientèle composée de femmes et d’hommes.
Elles estiment réaliser chacune un bénéfice moyen de 35.000FCFA par mois. Les bénéfices sont partagés entre la nourriture, la santé et la réutilisation dans les activités.
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