With the goal of increasing their business capital, the group members decided to collaborate with the microfinance institution Soro Yiriwaso and are now on their 11th solidarity loan cycle.
Ms. Bâh (first woman seated from the left in the photo) is know in the village of Yassalam for selling condiments of all sorts. She intends to use her loan to purchase 30 basins of fresh tomatoes. She resupplies herself with tomatoes from market gardeners at the big market in Ségou. Sale are made in cash or credit transactions out of her home and by going door to door in the neighboring villages. Her customer base is composed mostly of women.
Ms. Bâh plans on making an average monthly profit of 20,000 francs CFA with this loan. The profits will be used for reinvestment in the business and ensuring the children's care.
Dans le but d’augmenter leurs fonds de commerce les membres du groupe ont décidé de collaborer avec Soro Yiriwaso et sont à leur 11ème cycle de prêt solidaire.
Madame Bâh (1ère femme assise à l’extrême gauche sur la photo) est connue dans le village de Yassalam pour sa vente de condiments de toutes sortes. Elle compte utiliser son prêt pour acheter 30 baignoires de tomates fraiches. Elle se ravitaille en tomate avec les maraîchers au grand marché de Ségou. La revente se fait au comptant et à crédit à domicile et en ambulant dans les villages voisins à une clientèle composée majoritairement de femmes. Madame Bâh compte réaliser un bénéfice mensuel moyen de 20 000 FCFA avec ce prêt qui sera utilisé pour être réinvesti dans l’activité et assurer l’entretien des enfants.
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