They got to know each other from customers, being neighbors, friendship, and business. To strengthen their financial capacity, in order to better stock up, they joined the microfinance institution Soro Yiriwaso, and with which they are at their twelfth loan. All previous loans have been properly repaid. The group of women does business in juice and sweet drinks.
Fanta, the president of the group, in the reddish outfit in the photo, counts on buying 150 bottle racks of non alcoholic drinks from wholesalers in Bamako with their loan, which she will then resell commercially, for cash and credit in the Sido market to a clientele made up of both men and women.
She foresees making an average monthly profit of 40,000francs, which will be invested in her business.
Elles se sont connues par des clients de voisinage, d’amitié et de commerce. Pour renforcer leur capacité financière afin de mieux faire le stock, elles ont adhéré à l’institution de microfinance Soro Yiriwaso avec laquelle elles sont à leur douzième prêt et tous les prêts précédents ont été correctement remboursés. Ce groupe de femmes fait le commerce jus, de boissons sucreries.
FANTA, présidente du groupe habillée en complet rougeâtre sur la photo compte acheter avec son prêt, 150 casiers de boisson non alcoolisées (sucrerie) avec les grossistes de Bamako pour ensuite les revendre en détail, au comptant et à crédit dans le marché de SIDO à une clientèle composée d’hommes et de femmes.
Elle envisage réaliser un bénéfice mensuel moyen de 40.000FCFA qui sera investi 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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