They know each other as relatives, neighbors and friends. They cook food for sale and sell clothing, gourds and fish.
The members of the Siguidolo group are on their seventh solidarity loan.
Fafa, the second one from the right, plans to buy 40 outfits for children, five dozen mugs, 20 plastic pails and the ingredients for making perfume from the suppliers in Bamako in order to resell them later out of her home, as a street vendor and at the market of Konobougou, to a customer base composed of both men and women. She plans to achieve an average monthly revenue of 50,000 West African francs, which will be used for family needs, with part of reinvested in her clothing and perfumes business.
Elles se sont connues à travers des liens de parenté, de voisinage et d’amitié. Elles font la restauration, le commerce d’habillements de calebasses et de poisson.
Les femmes du groupe Siguidolo sont à leur septième prêt solidaire.
La cliente FAFA, deuxième personne à partir de la droite, compte acheter 40 complets d’habits pour enfants, 5 douzaines de pots pour boire, 20 seaux en plastique et les ingrédients pour la fabrication du parfums avec les fournisseurs de Bamako pour ensuite vendre à domicile, en ambulante et au marché de Konobougou à une clientèle composée de femmes et d’hommes.
Elle envisage réaliser un bénéfice moyen mensuel de 50 000FCFA qui sera utilisé pour les besoins de la famille et une partie est réinvestie dans l’activité de commerce de d’habits et de parfums.
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