These women met one another through neighborly, friendly, and business relationships. In order to strengthen their financial capacity so that they can better conduct their business, they joined the micro-finance institution Soro Yiriwaso. They are on their fourth loan with Soro Yiriwaso. This group of women buys and sells grains, condiments, and other various items.
Diakassan, who is the woman seated at the very front in the photo, sells grains.
She plans to use her loan to buy 9 bags of locally produced rice from smallholder producers in Sido and the surrounding areas. She sells her goods at the market and from home, on a small scale, for cash or for credit, to a clientele made up of both men and women.
She plans to earn an average monthly profit of 55,000 FCFA, which she will use to invest in her business, cover her medical expenses, and pay back her 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 quatorzième prêt. Ce groupe de femmes fait le commerce de céréales, condiments et des articles divers.
Diakassan, qui est la seule assise devant fait de la vente de céréales.
Elle compte acheter avec son prêt, 9 sacs de riz de production locale auprès des paysans producteurs de Sido et environs. 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 55.000FCFA qui sera investi dans les activités, pour les frais de santé 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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