The group’s members buy and sell high-grade “pagnes” (traditional wrap-around cloth), fruits, vegetables, artisan products and firewood. To increase their working capital they have decided to collaborate with Soro Yiriwaso, and this is their first group loan.
Bâh (the woman seated on the left in the photo) is a successful seller of artisan products in Bagadadji. She plans to use her loan to buy 100 pottery containers and 50 colanders from the blacksmiths in the village of Togo. She will resell her goods on a cash and credit basis from home and at Bagadadji market in Ségou, and her customers are mainly female.
With this loan Bâh hopes to make an average monthly profit of 20,000 francs CFA. She will use this money to reinvest in her business and provide for her children, and aims to have a wholesale business with the help of Soro Yiriwaso.
Dans le but d’augmenter leurs fonds de commerce, elles décident de collaborer avec Soro Yiriwaso et sont à leur 1er cycle de prêt solidaire.
Madame Bâh (femme assise à gauche sur la photo) est une grande vendeuse des produits d’artisanat à Bagadadji. Elle compte utiliser son prêt pour acheter 100 canaris et 50 passoires avec les forgeronnes du village de Togo. La revente se fait au comptant et à crédit à domicile et au marché Bagadadji de Ségou à une clientèle composée majoritairement de femmes. Madame Bâh compte réaliser avec ce prêt un bénéfice mensuel moyen de 20.000 FCFA qui sera utilisé, pour être réinvesti dans l’activité et assurer l’entretien de leurs enfants. Elle a pour objectif de devenir grossiste dans son activité avec cette relation de 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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Success!! The loan was 100% repaid