In order to secure working capital and be able to buy their goods for cash, they have decided to join the Soro Yiriwaso microfinance institution. They sell clothing, shoes, or smoked fish as for example, Dadon does. They are on their first group loan with Soro Yiriwaso.
Dadon plans to use her loan to buy four mid-size baskets of smoked fish at the big market of Bougoni, from vendors coming from Mopti (the fifth administrative region of Mali). She later retails for cash and on credit at the Bougoni market, to a customer base composed of both men and women.
Dadon plans to achieve an average monthly income of 20,000 West African Francs, which will be reinvested in her business.
Dans le souci d’avoir un fonds de roulement et faire des achats au comptant, elles ont décidé d’adhérer à l’institution de microfinance Soro Yiriwaso et cela pour faire le commerce d’habits, de chaussures et de poissons fumés avec Dadon. Elles sont à leur premier prêt de groupe avec Soro Yiriwaso.
Avec ce prêt Dadon compte acheter, 4 paniers moyens de poisson fumé au grand marché de BOUGOUNI avec les fournisseurs venus de Mopti (cinquième région administrative de la république du Mali), ensuite elle revend en détail, au comptant et à crédit, dans le marché de Bougouni à une clientèle composée de femmes et d’hommes.
Avec ce prêt Dadon espère réaliser un bénéfice mensuel de 20.000 FCFA qui sera réutilisé dans leurs 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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