Married and mainly in polygamous households, the four women of the group Kounkorota are on average 42 years old and have 5 children. They all live in the village of Jico in the region of Ségou (4th administrative region of Mali) and met through neighborhood, family and marriage ties. They are shopkeepers selling cereals (mil [African cereal], black-eyed peas and rice), condiments and smoked fish. With the goal of building up their stock for sale, the members of the group joined the solidarity loan program of Soro Yiriwaso with which they are on their 11th loan cycle in solidarity.
Marama (the woman sitting on the right in the photo) has a great reputation in the sale of condiments in the village of Jico and its surroundings. She plans to use her loan to buy 500kg of baobab powder. She resupplies herself in powders with the women from the town and surroundings. The resale is done for cash and credit to a clientèle made up mainly of women in Ségou. With this loan, Marama hopes to make an average monthly profit of 45,000 FCFA which will be reinvested in her business and used to ensure the care of her children at home.
Mariées majoritairement dans les ménages polygamiques, les quatre femmes du groupe Kounkorota ont en moyenne 42 ans et 5 enfants; Elles habitent toutes le village de Jico dans la région de Ségou (4ème région administrative du Mali) et se sont connues à travers des liens de voisinage, de parenté et de mariage. Elles font le petit commerce de céréales (mil, niébé et riz), condiments et poissons fumés. Dans le but de constituer leurs stocks de vente, les membres du groupe ont adhéré au programme de crédits solidaires de Soro Yiriwaso avec qui elles sont à leur 11ème cycle de prêt solidaire.
Madame Marama (femme assise à droite sur la photo) a une grande réputation dans la vente des condiments dans le village de Jico et ses environnants. Elle compte utiliser son prêt pour acheter 500kg de poudre de baobab. Elle se ravitaille en poudres avec les femmes du village et environnants. La revente se fait au comptant et à crédit à une clientèle composée majoritairement de femmes à Ségou. Avec ce prêt, Madame Marama espère réaliser un bénéfice mensuel moyen de 45 000 FCFA qui sera utilisé pour être réinvesti dans l’activité et assurer l’entretien des enfants 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.