In order to expand their businesses, the members decided to join the loan program of Soro Yiriwaso three years ago. They are on their sixth solidarity loan (group loan). They buy their merchandise in San and Koutiala. They make their sales at the market of Yangasso and in the surrounding weekly markets, and the villages surrounding the town of San.
Djeneba S., the group leader, is well known in Yangasso for buying and selling fruit and vegetables. She stocks up weekly at the big open-air market of Koutiala town. With her new loan she intends to buy 20 sacks of potatoes, one sack of avocados, 50 kg of Bambara peas, and 6 cases of plantains. She hopes to make a monthly profit of 12,500 F CFA whereas the other members expect to make a monthly profit of 11,500 F CFA which will be used to reimburse the loan and reinvest in their businesses and also to help their husbands support their families.
Elles mènent différentes activités commerciales: vente de produits divers, de fruits et légumes, d’habits, de condiments etc.
Pour augmenter la taille de leurs activités, les membres ont décidés d’intégrer le programme crédit de Soro Yiriwaso depuis trois ans. Le groupe est à son 6ème cycle de prêt solidaire (prêt de groupe).
Les femmes du groupe achètent leurs marchandises à San et à Koutiala. Elles vendent au marché de Yangasso et dans les foires environnantes et dans les villages environnants de la ville de San.
Djeneba S., le chef du groupe, est très connue à Yangasso à travers son activité d’achats et de ventes de fruits et légumes.
Elle s’approvisionne hebdomadairement au grand marché de Koutiala ville.
Avec son nouveau prêt, elle compte acheter, 20 sacs de pomme de terre, 1 sac d’avocat, 50kg de pois de terre, 6 cartons de banane plantain.
Elle espère réaliser un bénéfice mensuel de 12500FCFA tandis que les autres membres comptent sur un bénéfice mensuel de 11500FCFA profit qui sera utilisé pour rembourser le prêt et réinvestir dans les activités et aussi venir en aide aux conjoints.
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