They live in large traditional families in Ouelessebougou (the Koulikoro region). They have been trading for several years and are highly sought after in their respective businesses.
With the objective of meeting the growing needs of their customers, the members of the group decided to join the Soro Yiriwaso credit group one year ago. They are on their second collective loan. Fanta, who is the group leader and very well known in Ouelessebougou, excels in the restaurant business. She plans to use her loan to purchase condiments, onions, cabbages, meat and cereals. She buys her produce in Bamako and locally from wholesalers, and sells her food products in Ouelessebougou, retail - for cash and credit, to a customer base of both men and women.
She hopes to obtain a monthly profit of 30,000 FCFA - enough to allow her to repay the loan and to invest further in her business.
Elles sont dans le petit commerce depuis plusieurs années et sont très sollicitées dans leurs activités.
Dans le souci de satisfaire le besoin croissant de leur clientèle, les membres du groupe ont décidé d’intégrer le programme crédit de Soro Yiriwaso il y a un an. Elles sont à leur deuxième prêt solidaire.
Fanta qui est la présidente du groupe et très connue à Ouelessebougou, excelle dans la restauration. Elle compte utiliser son prêt pour acheter de condiments alimentaires, oignon, choux, viande et des céréales. Elle s’approvisionne à Bamako et sur place auprès des grossistes et vend ses aliments à Ouelessebougou, en détail, au comptant et à crédit, à une clientèle composée d’hommes et de femmes.
Elle espère sur un bénéfice mensuel de 30.000FCFA somme qui lui permettra de rembourser le prêt et de réinvestir dans son activité.
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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Success!! The loan was 100% repaid