They became acquainted through neighborhood ties, friendship and commerce. To strengthen their financial capacity to improve their businesses, they joined the Soro Yiriwaso microfinance institution where they are on their ninth loan. Previous loans have been fully repaid. This group of women trade in grain cereals, pagnes (colorful West-African cloths), cosmetics, fried cakes and catering.
Oumou is sitting in the middle. She purchases and sells grain cereals. She intends to use her loan to buy 1.6 tonnes of corn from farmers and producers in the area surrounding Meridiela. She sells at the Meridiela market, at fairs in surrounding villages and through home sales. She sells retail for cash and credit to both men and women customers.
She expects to make an average monthly profit of 95,000 FCFA she will use to invest in the business and repay the loan.
Elles se sont connues à travers des liens de voisinage, d’amitié et de commerce. Afin de renforcer leurs capacités financières pour de mieux faire leurs commerces, elles ont adhérés à l’institution de microfinance Soro Yiriwaso avec laquelle elles sont à leur neuvième prêt. Les précédents prêts ont été correctement remboursés. Ce groupe de femmes fait le commerce de céréales, de pagnes, de cosmétiques, de beignets et de la restauration.
Oumou assise au milieu, fait l’achat vente de céréales. Elle compte acheter avec son prêt, 1,6 tonne de maïs auprès de paysans producteurs de Méridièla et environnants. Elle effectue ses ventes au marché de Méridièla, dans les foires des villages environnants 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 95.000FCFA 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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Success!! The loan was 100% repaid