They met each other through neighbors, friends and their businesses. In order to reinforce their financial capacity so that they can improve their trading activities, they joined the microfinance institution, Soro Yiriwaso, and are now on their third loan. The two previous loans were repaid in full.
This group of women sell clothing, including second-hand clothing and other articles.
Rokia, who is the president of the group, is sitting on the far right of the photo. She sells all sorts of second-hand clothes and is planning to buy two parcels of second-hand clothes with her loan from wholesalers in Bamako and Burkino Faso. She sells on the market and from home, on a retail basis, for cash and on credit, to a customer base made up of men and women. She is expecting to make an average monthly profit of 50,000FCFA, which will be used to reinvest in her business and repay her loan.
Elles se sont connues à travers des liens de voisinage, d’amitié et de commerce. Pour renforcer leur capacité financière afin de mieux faire leur commerce, elles ont adhéré à l’institution de microfinance Soro Yiriwaso avec laquelle elles sont à leur troisième prêt. Les deux précédents prêts ont été correctement remboursés. Ce groupe de femmes fait le commerce d’habits, de friperies et d’articles divers.
ROKIA, qui est la présidente du groupe est la première assise de la droite vers la gauche. Elle fait l’achat vente de friperie de toutes sortes et compte acheter avec son prêt, 2 colis de friperie avec les grossistes à Bamako et au Burkina Faso.
Elle effectue ses ventes au marché et à domicile, en détail au comptant et à crédit à une clientèle composée d’hommes et de femmes.
Elle envisage réaliser un bénéfice mensuel moyen de 50.000FCFA qui sera investi dans les activités et rembourser le prêt.
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