This group of women sells various items such as traditional medicines, condiments, and other miscellaneous items. To increase the size of their operations, the members decided to join the Soro Yiriwaso loan program. They are on their third loan.
Marie is a member of the Sabougnouma group. She is the second person from the left.
She plans to use her loan to buy 20 baskets of traditional medicines. She provides her products at the market in Koutiala and in the bush. She sells the products in cash or credit at home and at the market to a diverse clientele.
While the other Sabougnouma group members expect to make an average profit of 77 500CFA each during the loan cycle, Kadiatou expects to make 90 000FCFA.
In addition to the repayment of the loans, they will use a portion of the revenue to meet personal expenses and grow their business.
Ce groupe de femmes fait le commerce d’articles divers tels les médicaments traditionnels, les condiments, et bien d’autres articles divers.
Pour augmenter la taille de leurs activités, les membres ont décidé d’intégrer le programme crédit de Soro Yiriwaso. Elles sont à leur troisième prêt de groupe.
Mari est un membre du groupe Sabougnouma deuxième personne de gauche à droite.
Elle compte utiliser son prêt pour acheter, 20 paniers de médicaments traditionnels. Elle se procure de ses produits au marché de Koutiala et pleine brousse. Elle vend ses articles en détail et au comptant à la maison et au marché et à une clientèle diverse.
Tandis que les autres membres du groupe Sabougnouma comptent réaliser un bénéfice moyen de 77 500CFA chacune au cours de ce cycle, Kadiatou compte réaliser 90 000FCFA.
En plus du remboursement des prêts, elles utilisent une partie du revenu pour faire face aux dépenses personnel et augmenter son fond de commerce. .
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