It is the eleventh time that this group of women is taking a loan with the microfinance institution Soro Yiriwaso in order to meet the needs of their customers. They sell soaps, like Oumou, and other various goods and shoes.
With her loan, Oumou (wearing a yellow t-shirt in the photo) is planning to buy ten boxes of Koulikoro soaps and two boxes of soap powder packets.
After buying her merchandise in Bougouni she resells from home and at the market to a retail customer base comprising men and women. She sells for cash and on credit.
She is expecting average monthly profits to reach 35,000 CFA francs, part of which will be used to help her husband with the daily expenses, while the rest will be invested in the business.
Elles sont à leur onzième collaboration avec l’institution de microfinance Soro Yiriwaso afin de satisfaire le besoin de leur clientèle. Ce groupe de femmes fait le commerce de savons avec OUMOU, de la vente d’articles divers de boutique et des chaussures.
OUMOU, en T-shirt jaune sur la photo, compte acheter avec son prêt, 10 cartons de savons Koulikoro et deux cartons de sachets de savons en poudre. Elle s’approvisionne à Bougouni. Elle effectue sa vente à domicile et au marché à une clientèle composée de femmes et d’hommes, en détail, au comptant et à crédit.
Elle envisage réaliser un bénéfice mensuel moyen de 35.000.FCFA par mois dont une partie sera utilisée pour l’appui de son mari dans les dépenses quotidiennes et l’autre partie sera investie dans les activités.
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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