The women all met each other through neighbors, friends, and business. They joined the microfinance institution, Soro Yiriwaso, in order to strengthen their financial capacity so that they can better carry out their business. This is their first loan from Soro Yiriwaso. The group sells grains, fruits, vegetables, non-alcoholic drinks, etc.
The group's president, DIALA, is the only woman standing in the photo. She buys and sells a wide variety of grains and vegetables, and she plans to use the loan to buy 500kg of corn from small-scale farmers. She sells her products retail at the market and from home, for cash or credit, to a clientele mostly made up of women.
She plans to earn a mean monthly profit of 15,000 FCFA, which she will use to reinvest in her business and pay back the 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 premier prêt. Ce groupe de femmes fait le commerce céréales, de fruits et légume, de boissons non alcoolisées ,etc.
DIALA, qui est la présidente du groupe est la la seule femme arrêtée dans la photo. Elle fait l’achat vente de grains et légumes de toutes sortes et compte acheter avec son prêt, 500Kg de maïs avec les paysans producteurs. Elle effectue ses ventes au marché et à domicile, en détail au comptant et à crédit à une clientèle composée essentiellement de femmes.
Elle envisage réaliser un bénéfice mensuel moyen de15.000FCFA 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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