The group members know one another through relationships of vicinity, friendship and commerce. In order to strengthen their financial positions and to help their businesses grow, the group is working with the microfinance institution of Soro Yiriwaso. They are on their first loan. The women in this group are involved in several types of commerce, including the sale of grain, second-hand clothing, incense, spices and pagnes (traditional West African cloth), as well as food production and service.
Alima (shown standing in the photo) is a grain merchant and the president of the group. With her portion of the loan, she intends to purchase 200 kilograms of sorghum from local farmers. She sells her goods in cash and on credit at the market. Her clientele is composed of both men and women. Alima expects to make an average monthly income of 20,000 francs CFA. She plans to use her income to reinvest in her business as well as to help pay for her family's living expenses.
Elles se sont connues par des relations de voisinage, d’amitié et de commerce. Pour renforcer leurs capacités financières afin de mieux faire leurs commerces, elles adhérent à l’institution de microfinance Soro Yiriwaso avec laquelle elles sont à leur premier prêt. Ce groupe de femmes fait le commerce de céréales avec ALIMA, de pagnes, de la restauration, de l’encens, de friperie, de condiments alimentaires, etc.
ALIMA, qui est la présidente du groupe est la seule arrêtée sur la photo, elle compte acheter avec son prêt, 200 kilogrammes de sorgho avec les paysans producteurs. Elle fait son commerce au marché au comptant et à crédit à une clientèle composée d’hommes et de femmes.
Elle envisage réaliser un bénéfice mensuel moyen de 20.000FCFA qui sera investi dans les activités et utiliser pour aider le conjoint à subvenir aux dépenses de la famille.
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