On their search for additional income, they decided to join the credit program of the microfinance institution Soro Yiriwaso and become sellers of food condiments.
This is their first group loan which they will use to buy 200 kilograms of néré nuts (the nuts are boiled and pounded to obtain a dark paste, which is made into various shapes (balls or ovals) and turned into sounbala, a highly appreciated ingredient for African sauces), 300 kilograms of dried baobab leaves (from monkey bread trees) and 150 kilograms of dah (hibiscus blossoms used to make drinks). The women will buy all these condiments in Djoutièbougou and other nearby villages, and retail them for cash at the market in Bougouni to a clientele made up mainly of women.
Thanks to the loan, they expect to make an average monthly profit of 15,000 CFA francs, which they will spend on healthcare for their children.
Elles se sont connues par des relations de parenté, de mariage et de voisinage.
C’est dans le souci de recherches de ressources financières complémentaires que ces femmes ont décidé d’adhérer au programme crédit de l’institution de microfinance Soro Yiriwaso et cela pour faire le commerce de condiments alimentaires.
Elles sont à leur premier prêt de groupe, qui sera utilisé pour acheter, 200kg de noix de néré pour faire du Sounbala (très apprécié dans la sauce africaine), 300kg de feuilles de baobab séchées et 150kg de dah.
Tous ces condiments sont achetés sur place dans le village de Djoutièbougou et environs, pour être revendus ensuite au comptant et en détail sur le marché de Bougouni à une clientèle composée essentiellement de femmes.
Avec ce prêt elles comptent obtenir un bénéfice mensuel de 15.000 FCFA par mois qui sera utilisé dans les frais de santé de leurs enfants.
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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