They met through family, neighborhood and friendship ties. They sell cereals and do catering.
The women of the Heremakono group are on their sixteenth loan in solidarity.
The client Oulematou, the person in the middle in the row of those standing, plans to buy 250 kgs of cereals (local rice and mil [African cereal]) from the resellers on the spot and in Massigui during the days of the fair. She resells retail in the town to a clientele made up of women and men.
She envisions making an average monthly profit of 45,000 FCFA which will be used for the needs of the family and partly reinvested in her business selling cereals.
Elles se sont connues à travers des liens de parenté, de voisinage et d’amitié. Elles font le commerce de céréales et de la restauration.
Les femmes du groupe Heremakono sont à leur seizième prêt solidaire.
La cliente OULEMATOU, personne au milieu dans le rang des debout, compte acheter 250 kilos céréales (riz local et mil) avec les revendeurs sur place et de Massigui pendant les jours de foire, elle revend en détail au village à une clientèle composée de femmes et d’hommes.
Elle envisage réaliser un bénéfice moyen mensuel de 45.000FCFA qui sera utilisé pour les besoins de la famille et une partie est réinvestie dans l’activité de commerce de céréales.
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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