They all live in the city of Sikasso (3rd administrative region of Mali) and met one another through family, being neighbors, and marriage. The group members run small businesses selling potatoes, incense, firewood, soaps, cooking oils, and clothes.
With the goal of growing their businesses, the members joined Soro Yiriwaso and they're in their 11th loan cycle together.
Madame Fily (standing in the middle of the photo) is the potato seller in the group. She would like to use her loan to buy one ton of potatoes. She gets her supplies from farmers and wholesalers. She sells at retail, for cash, and on credit, at home and at the market, to a clientele composed predominantly of women. With her loan, Madame Fily believes she can reach an average monthly profit of 140.000 FCFA which she'll use to reinvest in her business and take care of family needs.
Dans le but d’augmenter leurs fonds de commerce, les membres du groupe ont intégrés Soro Yiriwaso et sont à leur 11ème cycle de prêt solidaire.
Madame Fily (debout au milieu sur la photo) est la vendeuse de pommes de terre du groupe. Elle compte utiliser son prêt pour acheter, 1 tonne de pommes de terre. Elle s’approvisionne auprès des paysans producteurs et des grossistes et effectue ses ventes en détail, au comptant et à crédit, à domicile et au marché, à une clientèle composée essentiellement de femmes. Madame Fily compte réaliser avec ce prêt un bénéfice mensuel moyen de 140.000 FCFA qui sera utilisé, pour être réinvesti dans l’activité et prendre en charge certains besoins du foyer.
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