They know each other from the neighborhood and as friends in business. In order to strengthen their businesses' working capital, they belong to the mircofinance institution Soro Yiriwaso with which they've taken five loans. They are in the business of selling fish, secondhand clothes, soap (for dishes and as cosmetics) and other products.
Bintou, the member with the paper in her hands, is in the business of selling soaps (for dishes and as cosmetics). With the loan, she plans to purchase six boxes of various types of cosmetic soaps from wholesalers in Bamako. She sells the products at markets, door-to-door, through retail and on credit to both men and women clients.
She plans to make profits of about 40,000 cfa francs per month, which she will invest back in the business and use to repay 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 cinquième prêt. Ce groupe de femmes fait le commerce de poissons, de friperies, de savons (lessives et cosmétique) et des articles divers.
Bintou, qui est le membre du groupe papier en main, fait l’achat vente de savons cosmétiques et de savons de lessives. Elle compte acheter avec son prêt, 6 cartons de différents types de savons cosmétiques 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 40.000FCFA 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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Success!! The loan was 100% repaid