They have had their small businesses for many years and are highly sought after by their clientèle.
To meet growing customer demand, the group members decided to join Soro Yiriwaso's loan program four years ago. They are on their sixth group loan.
Adama is very well-known in N'tentou and excels at selling clothing and cereals. She intends to use her loan to buy two bags of local rice and one bale of secondhand clothing. She gets her supplies in Bamako and from local wholesalers, and sells her products in N'tentou for retail, for cash, and on for credit to a male and female clientèle.
She hopes to earn a monthly profit of 20,000 FCFA, which would allow her to repay her loan and reinvest in her business.
N’tentou (Région de Koulikoro, République du Mali).
Elles sont dans le petit commerce depuis plusieurs années et sont très sollicitées dans leurs activités.
Dans le souci de satisfaire le besoin croissant de leurs clientèles, les membres du groupe ont décidé d’intégrer le programme crédit de Soro Yiriwaso il y’a 4 ans. Elles sont à leur sixième prêt solidaire.
ADAMA, qui est très connue à N’tentou et excelle dans la vente d’habillements et de céréales. Elle compte utiliser son prêt pour acheter, 2 sacs de riz local et 1 balle de friperie. Elle s’approvisionne à Bamako et sur place auprès des grossistes et vend ses produits à N’tentou, en détail, au comptant et à crédit, à une clientèle composée d’hommes et de femmes.
Elle espère sur un bénéfice mensuel de 20.000FCFA somme qui lui permettra de rembourser le prêt et de réinvestir dans son 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