The group’s members work in retail selling incense, firewood and wax pagnes [traditional wrap-around cloth] and damask. In order to increase their working capital, they joined Soro Yiriwaso and are now on their 12th group loan cycle. Astan, who is seated first on the right in the photo, works selling wax pagnes and damask. She plans to use her loan to buy four lengths of wax pagnes and two lengths of damask pagnes. Astan gets her supplies from wholesalers, and her sales are made on a retail basis (in cash and on credit) from her home and at market. Her customers are both male and female. With this loan, she hopes to make an average monthly profit of 45,000 francs CFA, which she will reinvest in her business and also use to help her husband with certain family expenses.
Les membres du groupe font le commerce, d’encens, de bois de chauffe et de pagnes wax-bazins.
Dans le but d’augmenter leurs fonds de commerce, les membres du groupe ont intégrés Soro Yiriwaso et sont à leur 12ème cycle de prêt solidaire.
Madame ASTAN (1ère assise à droite sur la photo) est la vendeuse de wax et bazins. Elle compte utiliser son prêt pour acheter, 4pièces de pagnes wax et 2 pièces de pagnes bazins.
Elle s’approvisionne auprès des grossistes et effectue ses ventes en détail, au comptant et à crédit, à domicile et au marché, à une clientèle composée d’hommes et de femmes.
Madame ASTAN compte réaliser avec ce prêt un bénéfice mensuel moyen de 45.000 FCFA qui sera utilisé, pour être réinvesti dans l’activité et aider son mari dans certaines dépenses familiales.
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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