The group members have small businesses selling ginger, "pagnes wax" (brightly coloured and highly decorative pieces of fabric), groundnut paste and incense. In order to increase their business, they joined Soro Yiriwaso and are now on their third group loan.
Maimouna, sitting at the back in the middle of the photo, is the one who sells "pagnes wax" in the group. She is planning to use her loan to buy five sets of "pagnes wax" of varying qualities. She gets her supplies from wholesalers and sells on a retail basis, for cash and on credit, at home and in the market, to a mixed customer base. Maimouna expects to make and average monthly profit of 20,000FCFA with this loan and she will use it to reinvest in her business and help her husband out with some of the family expenses.
Les membres du groupe font le petit commerce, de gingembre, pagnes wax, de pâte d’arachide et d’encens.
Dans le but d’augmenter leurs fonds de commerce, les membres du groupe ont intégrés Soro Yiriwaso et sont à leur 3ème cycle de prêt solidaire.
Madame MAIMOUNA en arrière (assise au milieu sur la photo) est la vendeuse de pagnes wax du groupe. Elle compte utiliser son prêt pour acheter, 5 pièces de pagnes wax de qualité différente.
Elle s’approvisionne auprès des grossistes et effectue ses ventes en détail, au comptant et à crédit, à domicile et au marché, à une clientèle mixte.
Madame MAIMOUNA compte réaliser avec ce prêt un bénéfice mensuel moyen de 20.000 FCFA qui sera utilisé, pour être réinvesti dans l’activité et aider son mari dans certaines dépenses familiales.
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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