They know each other as neighbors, friends, and through business. To strengthen their buying power and to better conduct their businesses, they joined the micro-finance institution Soro Yiriwaso with whom they are on their fifth loan. The previous loans have been fully repaid. This group of women is in the business of selling fruits and vegetables with BINTOU, who is the leader of the group and the only one seated in the photo. With her loan, Bintou plans to buy 400 kg of potatoes from the wholesalers in Sikasso. She makes her sales at the market and from home, at retail, for cash and on credit, to a clientele composed mainly of women.
She plans to make an average monthly profit of 45,000 FCFA which will be invested in her business and also go 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 cinquième prêt. Les précédents prêts ont été correctement remboursés. Ce groupe de femmes fait le commerce de fruits et légumes avec BINTOU qui est la présidente du groupe et la seule assise dans la photo. BINTOU et compte acheter avec son prêt, 400Kg de pomme de terre 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 45.000FCFA 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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