To increase their working capital, the members of the Danaya group joined Soro Yiriwaso, and are on their 10th group loan cycle. Aïssata (the second woman from right to left in the photo) has a good reputation in the sale of all kinds of products (shallots, garlic, pepper, cabbage, dried fish, iodized salt, fresh tomatoes and tomato purée) in Bagadadji market.
Aïssata plans to use her loan to buy 300 kilos of shallots from the Niono traders in the Grand Market of Ségou. She resells her produce on a cash and credit basis from home and at Bagadadji market in Ségou, and her customers are mainly female. Aïssata hopes to make an average monthly profit of 300,000 francs CFA with her loan, which she will reinvest in her business and provide for her household’s seasoning needs.
Madame Aïssata (2ère femme sur la photo de la droite vers la gauche) a une grande réputation dans la vente des condiments de toutes sortes (échalote, ail, poivre, piment, choux pommés, poisson sec, sel iodé, tomates fraîches et concentrées, . . . dans le marché de Bagadadji. Elle compte utiliser son prêt pour acheter 300kg d’échalote avec les forains de Niono au grand marché se Ségou. 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 Aïssata compte réaliser avec ce prêt un bénéfice mensuel moyen de 30 0000 FCFA qui sera utilisé, pour être réinvesti dans l’activité et assurer les besoins du foyer en condiments.
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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