The women trade in condiments and root vegetables and they also braid hair. They are on their first group loan, which will be used to buy condiments, root vegetables and small accessories for braids. Nana D., the group's president, plans to buy condiments from sellers in Falako as well as in Fana, to re-sell in her village, for cash and on credit, to customers who are both men and women. She expects to make an average monthly profit of 10,000 CFA francs which will be used to repay loan installments, pay contributions towards social ceremonies and the rest will be re-invested in her business.
Les femmes du groupe Djiguisseme sont à leur premier prêt solidaire qui sera utilisé pour acheter des condiments, des tubercules et des petits matériels pour la tresse.
La cliente NANA D., qui se trouve être la présidente du groupe, compte acheter des condiments avec les revendeurs de Falako et souvent à Fana, pour les revendre au niveau du village au comptant et à crédit, à une clientèle composée d’hommes et de femmes.
Elle envisage réaliser un bénéfice moyen mensuel de 10000 F CFA qui sera utilisé pour payer les échéances du prêt, payer les contributions des cérémonies sociales et le reste sera réinvesti dans son activité de commerce.
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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