They are petty traders of soap, children's clothing, cereals (millet and rice), milk and shallots. In order to increase their working capital, the group members joined Soro Yiriwaso and are on their first joint loan cycle.
Mrs. Kadia (second woman standing from the left in the picture) is a major seller of all grades of milk in the village of Gachi and its surrounding area. She plans to use her loan to buy 125 liters of milk from cattle owners in the village. Resale is made for cash or credit to a clientèle composed of men and women in the village and in surrounding villages.
Mrs. Kadia hopes to achieve with this loan an average monthly profit of 12,500 FCFA to be used for reinvestment in the business and to take care of household needs for condiments. Like other women in the group, she aims to become a wholesaler in her income-generating activity through this partnership with Soro Yiriwaso.
Madame, Kadia (2ème femme debout sur la photo de la gauche vers la droite) est une grande vendeuse de lait de toutes qualités dans le village de Gachi et ses environnants. Elle compte utiliser son prêt pour acheter 125 litres de lait avec les propriétaires de bétails du village. La revente se fait au comptant et à crédit à une clientèle composée d’hommes et de femmes au village et dans les villages environnants. Madame Kadia espère réaliser avec ce prêt un bénéfice mensuel moyen de 12 500 FCFA qui sera utilisé pour être réinvesti dans l’activité et prendre en charge les besoins du foyer en condiments. A l’instar des autres femmes du groupe, elle a pour objectif de devenir grossiste dans son activité génératrice de revenu dans ce partenariat avec Soro Yiriwaso.
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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