These women know each other through neighborhood and friendship ties, and also through their professional activities. They have joined the microfinance institution Soro Yiriwaso in order to strengthen their financial capacity. This is their second loan with the institution; their previous loan was well repaid.
Oumou, the group's leader, is also the member of the group who sells shoes, condiments, fabrics and various items (toothpaste, tooth-picks, Q-tips).
In the photo, she is the one sitting behind a lot of displayed goods and wearing a reddish outfit. She plans to use her loan to buy 15 Uniwax "pagnes" (colorful West African fabrics) from wholesalers in Bamako. She will then resell these pagnes at the Bougouni market or from home, for cash or on credit, to a retail customer base consisting of men and women.
Oumou is expecting average monthly profits to reach 20,000 CFA francs. She will use her profits to repay her loan, cover her family's expenses and reinvest in her activities.
Elles se sont connues par des liens de voisinage, d’amitié et d’activités professionnelles. Pour renforcer leur capacité financière elles ont adhéré à l’institution de microfinance Soro Yiriwaso avec laquelle elles sont à leur deuxième prêt et le prêt précédent a été correctement remboursé. Ce groupe de femmes fait le commerce de chaussures, de condiments alimentaires, des articles divers(pâtes dentifrices, cure dents, coton-tige) de tissus avec OUMOU, la présidente du groupe, etc.
OUMOU, assise en tenue rougeâtre derrière une tasse d’articles divers sur les dans la photo, compte acheter avec son prêt, 15 pagnes Uniwax avec les grossistes de Bamako pour ensuite les revendre en détail, au comptant et à crédit dans le marché de Bougouni et à domicile à une clientèle composée d’hommes et de femmes.
Elle envisage réaliser un bénéfice mensuel moyen de 20.000FCFA qui sera utilisé pour payer le prêt, subvenir aux dépenses de la famille et investir le reste 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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