They average 38 years of age and have at least six children each. Their activities revolve around the restaurant business and the sale of condiments, wax pagnes (colorful West African cloth), fabrics, jewelry, etc.
In order to satisfy a steadily increasing customer base, the members of the group turned to the Soro Yiriwaso microfinance institution two years ago.
Hawa T. plans to use her loan to get supplies in Bamako. She will buy fifteen pieces of wax cloth, a dozen children’s fabrics, and two dozen jewelry pieces.
She hopes to earn a monthly profit of 22,500FCFA. In addition to repaying the loan, she will use part of her income for the children’s needs and other family expenses. As for the other group members, they expect a monthly profit of 18,000FCFA.
Pour satisfaire le besoin de leurs clientèles qui ne cesse d’augmenter les membres ont décidé d’intégrer le programme crédit de Soro Yiriwaso depuis maintenant deux ans.
Hawa T. compte utiliser son prêt pour aller s’approvisionner à Bamako, en achetant, 15 pièces de wax, une douzaine de tissus pour enfants et deux douzaines de bijoux.
Elle espère réaliser un bénéfice de 22.500FCFA par mois. En plus du remboursement du prêt, elle utilisera une partie de son revenu pour l’entretien des enfants et les autres dépenses de la famille. En ce qui concerne les autres femmes du groupe, elles comptent sur un bénéfice de 18 000 francs FCFA par mois.
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