These ladies know each other as family, neighbors and friends. They sell rugs, second-hand clothing and home furnishings. They are on their third group loan.
Rokia, the lady sitting on the left of the photo, plans to buy ten rugs and some home furnishings which she will re-sell on credit to local government workers.
Rokia hopes to make an average monthly profit of 50,000 francs. She will use some to cover her family's needs and will re-invest the rest in her business.
Elles se sont connues à travers des liens de parenté, de voisinage et d’amitié. Elles font le commerce de moquettes, de friperies et des articles de décoration de salon.
Les femmes du groupe Danaya sont à leur troisième prêt solidaire.
La cliente ROKIA, première personne à partir de la gauche dans le rang des assises, compte acheter une dizaine de moquette et des articles de décoration de salon qui seront vendus à crédit aux fonctionnaires de différentes structures professionnelles de la place.
Elle envisage réaliser un bénéfice moyen mensuel de 50.000FCFA qui sera utilisé pour les besoins de la famille et une partie est réinvestie dans l’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