They know each other as relatives, neighbors and friends. They cook food for sale and sell cakes and firewood.
The Jolidew group members are on their ninth solidarity loan. Fatoumata T. plans to purchase five cartloads of firewood from producers in her town and nearby earea. She retails the firewood daily to out of her home, to housekeepers who do the cooking, for cash and on credit. She plans to achieve an average monthly income of 30,000 West African Francs, which will be used to pay off the loan and to cover costs related to healthcare and school fees, with the rest reinvested in her business.
Elles se sont connues à travers des liens de parenté, de voisinage et d’amitiés et font la restauration, le commerce de gâteaux et du bois de chauffe.
Les femmes du groupe Jolidew sont à leur neuvième prêt solidaire.
FATOUMATA T. compte acheter, cinq chargements de charrettes en bois de chauffe auprès des producteurs de la ville et environnants. Elle revend quotidiennement aux femmes de ménage chargées de cuisine à son domicile, au comptant et à crédit.
Elle envisage réaliser un bénéfice moyen mensuel de 30.000F CFA qui sera utilisé pour payer les échéances du prêt, une partie pour prendre en charge les dépenses relatives à la santé, 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