These women know each other through neighbourhood and family links, and run businesses selling various items such as calabashes (bottle gourds).
After having properly repaid their previous loans, the women of the Ambenakan group are on their 11th solidarity (group) loan.
Awa (standing first from the right in the photo) intends to use her loan to buy 50 packages of calabashes. Awa gets her supplies from the wholesalers at Bla and sells her goods at Kimparana and at the weekly market days in the area. She makes her sales at retail, in cash and on credit, to a clientele composed mainly of women.
With this loan, she hopes to realize an average monthly profit of 41,500 FCFA, which will be used to repay the loan, pay for health, food, and school expenses, and reinvest in her business.
Ces femmes se sont connues à travers des liens de parenté, de voisinage et font le commerce d’articles divers tels l’achat vente de calebasses.
Après avoir correctement remboursés les prêts précédents, les femmes du groupe AMBENAKAN sont à leur 11eme prêt solidaire
AWA (1ere personne debout de la droite vers la gauche sur la photo) compte utiliser son prêt pour acheter 50 colis de calebasses. AWA s’approvisionne à BLA auprès des grossistes pour venir revendre à Kimparana et dans les foires hebdomadaires des villages au comptant, en détail en espèce et à crédit, à une clientèle composée essentiellement de femmes.
Elle envisage réaliser un bénéfice moyen mensuel de 41500FCFA qui sera utilisé pour le remboursement du prêt, dans les dépenses relatives à la santé, à la nourriture, aux frais scolaires et le reste sera réinvesti dans les activités.
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