The five members of the Danaya group are all married women, on average 40 years old, with on average 5 children each. Most of them live in monogamous families in Hamdallaye, one of the poorer neighborhoods in the city of Sikasso. They are asking for their third loan from Soro Yiriwaso, in order to satisfy customer requests. Mrs Kadia sells condiments and clothing, and is the middle person in the above photo. She will use the loan to purchase 5 dozen complete outfits for children, and will purchase these from wholesalers in Sikasso. She sells both from her hom and from the market, in cash, to a customer base mostly comprised of women. She hopes to earn a monthly profit of 27,500 FCFA (~55 USD), and will use part of this to pay the interest on her loan and the other part will be deposited into a savings account.
Les cinq membres du groupe Danaya sont des femmes mariées qui ont une moyenne d’âge de 40 ans et en moyenne 5 enfants. Elles vivent la plupart dans des familles monogamiques à HAMDALLAYE, un des quartiers populaires de la ville de Sikasso.
Elles sont à leur troisième prêt avec l’institution de microfinance Soro Yiriwaso, dans le souci de satisfaire le besoin de leur clientèle.
Madame Kadia fait le commerce de condiments et d’habits dans ce groupe de femmes, elle est debout au milieu.
Elle compte acheter avec mon prêt, 5 douzaines de complets d’habits pour enfants auprès des grossistes de Sikasso. Elle effectue ses ventes à domicile et au marché à une clientèle composée généralement de femmes, au comptant.
Elle envisage réaliser un bénéfice mensuel moyen de 27.500 FCFA dont une partie est utilisée pour payer le prêt et l’intérêt, l’autre servira de dépôt d’ épargne .
Soro 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.