To bolster their financial capacity, so as to do better business, they joined the microfinance institution Soro Yiriwaso and are now on their first loan.
This group of women trades in traditional medicines through ASSETOU, who is the first person seated on the left in the photo. She buys and sells traditional medicines and intends to use her loan to purchase 250 pouches of improved traditional medicines from authorized manufacturers in Bougouni. Accepting cash or credit from a customer base composed of men and women, she makes her sales at the market and at home.
She envisions making an average monthly profit of 40,000 francs CFA that will be invested in business and used to repay the 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 adhérent à l’institution de microfinance Soro Yiriwaso avec laquelle elles sont à leur premier prêt. Ce groupe de femmes fait le commerce de médicaments traditionnels à travers ASSETOU, première assise à gauche. Elle fait l’achat vente de médicaments traditionnels et compte acheter avec son prêt, 250 sachets de médicaments traditionnels améloirés avec les fabriquants agrées de Bougouni. 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 40.000FCFA qui sera investi dans les activités 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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