Djidja (Courage) Group
These women sell various items such as clothing, vegetables, soap, and smoked fish.
In order to expand their business, the group members decided to join Soro Yiriwaso's credit program. This is their first group loan. Diarra, seated in the middle, is the group member who sells smoked fish of all varieties: carp, catfish, sardines, etc.
She plans to use her loan to buy 5 large baskets of fish from wholesalers. She sells her fish retail for cash both from her home and at the market to a wide range of customers.
While the other group members expect to earn, on average, a profit of 50,000 FCFA each over the course of the loan cycle, Diarra expects to earn 65,000 FCFA.
In addition to repaying their loans, part of the revenue is used to cover everyday family expenses. Diarra hopes to strengthen her partnership with Soro Yiriwaso so that she can become a wholesaler.
Ce groupe de femmes fait le commerce d’articles divers tel les habillements les légumes du savon et des poissons fumés.
Pour augmenter la taille de leurs activités, les membres ont décidé d’intégrer le programme crédit de Soro Yiriwaso et sont à leur premier prêt de groupe. Diarra assise au milieu est le membre du groupe qui vend des poissons fumés de toutes sortes : carpe, silure, sardine etc.
Elle compte utiliser son prêt pour acheter, 5 gros paniers de poisson auprès des grossistes. Elle vend en détail au comptant à la maison et au marché à une clientèle diverse et variée.
Tandis que les membres du groupe comptent réaliser un bénéfice moyen de 50 000FCFA chacune au cours de ce cycle Diarra compte réaliser 65 000FCFA.
En plus du remboursement des prêts, elles utilisent une partie du revenu pour faire face aux dépenses courantes de la famille.
Diarra souhaite renforcer son partenariat avec Soro Yiriwaso pour qu’elle devienne grossiste.
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