They are on their twenty-seventh loan from the micro-finance institution, Soro Yiriwaso, with a view to satisfying their customer demand. Their previous loans have been repaid in full.
Djalia, on the far left of the photo, transforms "néré" seeds into sounbala (a spice) within the Kotognogontala women's group. Experienced in this domain she is in great demand from customers who come from Sikasso and elsewhere. With her loan she is planning to buy 300kg of "néré" grains in order to make sounbala. She sells the spices at Sikasso's Grand Market to order and within her family, to a customer base made up of men and women, for cash.
She is expecting to make an average monthly profit of 40,500FCFA, part of which will be used to pay her loan and the interest on it, while the rest will be saved.
Elles sont à leurs vingt septième prêt avec l’institution de microfinance Soro Yiriwaso afin de satisfaire le besoin de leur clientèle. Tous les prêts passés ont été correctement remboursés.
DJALIA, la première à gauche fait la transformation des graines de néré en Sounbala dans ce groupe de femmes KOTOGNOGONTALA. Expérimentée à la matière elle beaucoup sollicitée par des clients venant de Sikasso et d’ailleurs.
Elle compte acheter, dans les villages avoisinants, avec son prêt , 300 kilogrammes de graines de néré afin de les transformer en Sounbala.
Elle les vend au grand marché de Sikasso sur commande et en famille à une clientèle composée d’hommes et de femmes au comptant.
Elle envisage réaliser un bénéfice mensuel moyen de 40.500 FCFA dont une partie est utilisée pour payer le prêt et son intérêt et l’autre pour son épargne.
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