They know one another as neighbors and through ties of kinship and friendship. They sell clothing, cosmetics, fruits and vegetables.
The Laydou members are on their 12th group loan. Djeneba D. gets her cosmetics weekly in Bamako and at the local market of Barouéli. She conducts her sales from a stall at the Barouéli market, for cash or credit, to a clientele composed mainly of women.
She expects to earn an average monthly profit of 50,000FCFA which she will use to make loan repayments and pay for healthcare, food and tuition, the remainder to be reinvested in the business.
Elles se sont connues à travers des liens de parenté, de voisinage et d’amitié. Elles font le commerce des habillements, des produits cosmétiques et des fruits et légumes.
Les femmes du groupe Laydou sont à leur douzième prêt solidaire. DJENEBA D. s’approvisionne en produits cosmétiques hebdomadairement à Bamako et sur place au marché de Barouéli. Elle effectue ses ventes dans son kiosque au marché de Barouéli, au comptant et à crédit, à une clientèle composée essentiellement de femmes.
Elle envisage réaliser un bénéfice moyen mensuel de 50 000F CFA qui sera utilisé pour payer les échéances du 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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