All married and living in traditional extended families, the seven women of Dougouyiriwaton 1 Group have an average age of 46 and six children. They all live in the village of Nikankan in Segou, the 4th largest administrative region in Mali. They know each other via neighborhood ties, marriage, and kinship. They buy and sell cereals and various goods as well as make and sell doughnuts. In order to enhance their business, the group members joined Soro Yiriwaso and are on their first group loan. Ms. Sitan (first person, from left to right, in the photo) plans to use her loan to buy 50 kg of millet from the farmers in her village. Then she will make very high-quality doughnuts that she sells for cash to a clientele of women and men. With this loan, Ms. Sitan hopes to earn an average monthly profit of 8,000 FCFA which will be reinvested in her business and used to take care of her household expenses.
Toutes mariées dans des familles traditionnelles élargies, les sept femmes du groupe Dougouyiriwaton 1 ont en moyenne 46 ans et 6 enfants. Elles habitent toutes le village de NIKANKAN dans la région de Ségou (4ème région administrative du Mali) et se sont connues à travers des liens de voisinage, de mariage et de parenté. Elles font l’achat et la vente de céréales, des articles divers et la préparation vente de beignet.
Dans le but d’augmenter leurs fonds de commerce, les membres du groupe intègrent Soro Yiriwaso et sont à leur 1er prêt solidaire.
Madame, Sitan (1ère personne gauche de la droite) compte utiliser son prêt pour acheter, 50 kg de petit mil auprès des producteurs dans son village, puisse quelle fait beignets de très bonne qualité. Elle effectue ses ventes au comptant, une clientèle composée d’hommes et de femmes.
Avec ce prêt, Madame Sitan espère réaliser un bénéfice mensuel moyen de 8.000 FCFA qui sera utilisé pour être réinvesti dans l’activité et prendre en charge des besoins du foyer.
Soro 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.