They know one another through ties of community, friendship and commerce. In order to bolster their financial capacity and to do better at business, they have joined the microfinance institution Soro Yiriwaso. This is their tenth loan with the institution; their previous loans have been properly repaid.
The women from this group sell condiments, grains and various other goods.
Awa, the president of the group, is the first woman from the left in the photo. She buys and sells condiments, and she is planning to use her loan to buy 500 kg of onions, five baskets of cabbage and peppers and one bag of kitchen salt from wholesalers in Sikasso. She sells at the market and from home, for cash and on credit, to a retail customer base which essentially consists of women.
She is expecting average monthly profits to reach 85,000 CFA francs, which will be invested in her business and also used to 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 dixième prêt. Les précédents prêts ont été correctement remboursés. Ce groupe de femmes fait le commerce de condiments, de céréales et d’autres articles divers.
Awa qui est la présidente du groupe est la première de la gauche vers la droite, fait l’achat vente de condiments.
Awa compte acheter avec son prêt, ½ tonne d’oignons, 5 paniers de choux et poivron et 1 sac de sel de cuisine avec les grossistes de Sikasso. 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 de 85.000FCFA 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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