They know each other through family ties and the clothing, drinks and restaurant businesses they run.
The women of the Benkadi group are on their eighth group loan which will be used to purchase soft drinks (called BRAMALI), condiments for the restaurant and clothes.
FATOUMATA M., the president of the group, plans on using her part of the loan to buy non-alcoholic drinks from wholesalers. She sells her produce for cash every day at the checkpoint at the Bamako exit of the town of Fana, to a customer base made up largely of passengers.
She expects to earn a monthly profit of 50,000 CFA which will be used to pay back the loan, contribute to healthcare costs, food bills, school fees and the rest she will reinvest in her business.
Elles se sont connues à travers des liens de parenté et font le commerce d’habillements, des boissons et de la restauration.
Les femmes du groupe Benkadi sont à leur huitième prêt solidaire qui sera utilisé pour acheter des boissons en sucrerie (BRAMALI), des condiments pour la restauration et des habillements.
FATOUMATA M., qui est la présidente du groupe, compte utiliser son prêt pour acheter des boissons non alcoolisées avec les grossistes de la place. Elle effectue sa vente quotidiennement au poste de contrôle à la sortie de la ville de Fana en partance pour Bamako, au comptant, à une clientèle composée essentiellement de passagers.
Elle envisage réaliser un bénéfice moyen mensuel de 50 000F CFA qui sera utilisé pour payer le prêt, prendre en charge les dépenses relatives à la santé, à la nourriture, aux frais scolaires et le reste sera réinvesti 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