They sell fabric, condiments, firewood, and shoes, and make and sell sumbala (a widely-used condiment).
With the goal of increasing their capital, the group members joined Soro Yiriwaso and are on their ninth group loan cycle.
Ms. Djénébou Madou, sitting all the way on the left, intends to use her loan to buy 60 kg of nere seeds (used to make sumbala). She gets her supplies local at Bougoula and then converts the nere seeds to sumbala in the traditional manner. She sells sumbala door-to-door and at home to a clientele composed of consumers and retailers.
With this loan, Ms. Djénébou Madou intends to realize an average monthly profit 65,000 FCFA, which will be used to reinvest in her business and provide for certain household needs.
Elles font de la vente des tissus, de condiments, du bois de chauffe, de chaussures, de la fabrication et vente de Sounbala.
Dans le but d’augmenter leurs fonds de commerce, les membres du groupe intègrent Soro Yiriwaso et sont à leur 9ème cycle de prêt solidaire.
Madame Djénébou Madou, assise en première position à partir de la gauche, compte utiliser son prêt pour acheter, 60 kg de grain de néré. Elle s’approvisionne sur place à Bougoula et ensuite fait la transformation des grains de néré de Sounbala dans sa fabrique traditionnelle, qu’elle vendra en ambulant et à domicile, à une clientèle composée de consommateurs et de revendeurs.
Madame Djénébou Madou compte réaliser avec ce prêt un bénéfice mensuel moyen de 65.000 FCFA qui sera utilisé, pour être réinvesti dans l’activité et prendre en charge certains besoins du foyer
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