To increase their financial means in order to better run their business, these women joined microfinance institution Soro Yiriwaso, with which they are on their eighth loan. This group of women is in business selling spices, cereals, fruit, and vegetables.
Raboua, who is the group member [pictured] holding some papers, purchases and sells condiments. With her loan, she plans to purchase from the wholesalers in Bamako five boxes of tomato concentrate, 40 liters of cooking oils, and two packages made up of hot peppers, fièfiè, pepper, and salt. She carries out her sales at the market and at home, at retail prices for cash and credit to a group of customers made up of men and women.
Raboua expects to see an average monthly profit of 35,000 CFA francs, which will be invested in the businesses and [used to] pay back the loan.
Elles se sont connues à travers des liens de voisinage, d’amitié et de commerce. Pour renforcer leur capacité financière afin de mieux faire leur commerce, elles ont adhéré à l’institution de microfinance Soro Yiriwaso avec laquelle elles sont à leur huitième prêt. Ce groupe de femmes fait le commerce de condiments,de céréales et des fruits et légumes.
Raboua, qui est le membre du groupe papier en main, fait l’achat vente de condiments. Elle compte acheter avec son prêt, 5 cartons de concentrée de tomate, 40 litres d’huile alimentaires et 2 colis constitués de piments, fièfiè, poivre et sel, avec les grossistes de Bamako. Elle effectue ses ventes au marché et à domicile, en détail au comptant et à crédit à une clientèle composée d’hommes et de femmes.
Elle envisage réaliser un bénéfice mensuel moyen de 35.000FCFA qui sera investi dans les activités et rembourser le prêt.
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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