They know one another through friendship and professional ties. In order to boost their financial capacity and to better conduct their commercial activities, they have joined the microfinance institution Soro Yiriwaso and are on their second loan.
The women of the Benkadi group sell fish and condiments. Awa, sitting at the far right, buys and sells fish.
With her loan, she intends to buy 60 kg of fish per day from the Bozo fishermen of the city of Bougouni. She works as an itinerant seller, in Bougouni, and sells her merchandise for cash or on credit to a retail customer base consisting of men and women.
She is expecting average monthly profits to reach 50,000 CFA francs. She will invest these profits in her business, and also use them to cover medical expenses and repay her loan.
Elles se sont connues à travers des liens de commerce et d’amitié. Pour renforcer leur capacité financière afin de mieux faire leur commerce, elles ont adhéré à l’institution de microfinance Soro Yiriwaso avec laquelle elles sont à leur deuxième prêt. Ce groupe de femmes fait le commerce de poisson et de condiments.
Awa, qui est assise à l’êxtrême droite, fait l’achat vente de poissons.
Elle compte acheter avec son prêt, 60 kilos par jour avec les pêcheurs bozos de la ville de Bougouni. Elle effectue ses ventes en embulant dans la ville de Bougouni, en détail au comptant et à crédit à une clientèle composée d’hommes et de femmes.
Elle envisage réaliser un bénéfice mensuel moyen de 50.000FCFA qui sera investi dans les activités, utilisé pour les frais de santé 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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