To satisfy the needs of a growing customer base, the group joined the Soro Yiriwaso microfinance program, with which they have started their 3rd group loan cycle.
Djènèbou (standing first from the left) is a leading seller of various pottery items. She plans to use her loan to buy 200 canaris from local craftspeople.
She will sell her stock at retail, for cash or credit, to a clientele consisting mainly of women. She conducts her sales from her home and at the big market of Ségou.
She expects to earn an average monthly profit of 40,000 FCFA, which she will use to reinvest in her activity and to cover some of the household needs.
Dans le souci de satisfaire les besoins de leurs clientèles de plus en plus croissants, les membres du groupe ont décidé d’intégrer le programme crédit de Soro Yiriwaso avec qui, elles sont à leur 3ème cycle de prêt solidaire.
Djènèbou (femme debout en première position sur la photo de la gauche vers la droite) est une grande vendeuse de matériels de poterie de toutes sortes. Elle compte utiliser son prêt pour acheter 200 canaris avec les artisanes de la place. Elle effectue ses ventes en détail au comptant et à crédit à une clientèle composée majoritairement de femmes, à domicile et au grand marché de Ségou. Avec ce prêt, Djènèbou espère réaliser un bénéfice mensuel moyen de 40.000 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