The members of the Danaya group are on their 11th solidarity loan with Soro Yiriwaso.
Batoma Haidara stocks up on condiments at the weekly Massigui market. She sells out of her home and at the Massigui market, for cash and on credit, to a customer base composed of women and men. She plans to achieve an average monthly income of 50,000 West African Francs, which will be used to repay the loan, cover expenses related to healthcare, food, and school fees, with the rest reinvested in her business.
Ce groupe de femmes fait le commerce d’habillements, de céréales et de condiments alimentaires.
Les femmes du groupe Djiguisseme sont à leur onzième prêt solidaire avec Soro Yiriwaso.
BATOMA H. s’approvisionne en condiments au marché de Massigui hebdomadairement. Elle effectue ses ventes à domicile et au marché de Massigui, au comptant et à crédit, à une clientèle composée de femmes et d’hommes.
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