They know each other as neighbors and friends as well as through their work. In order to strengthen their financial capacity and better manage their business, they have joined the Soro Yiriwaso microfinance institution and are now on their third loan. The prior loans have been duly repaid. This group sells cloth, which is what Oumou does, for example. Oumou is the second one seated from the left. She buys and resells cloth and plans to use her loan to buy 20 sets of traditional “pagnes: cloth of the Univax brand from the Bamanko wholesaler. She sells at the market and out of her home, for cash and on credit, to a customer base composed mainly of women. She plans to achieve an average monthly profit of 30,000 West African francs, which will be used to invest in her business and pay off 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 ont adhérés à l’institution de microfinance Soro Yiriwaso avec laquelle elles sont à leur troisième prêt. Les précédents prêts ont été correctement remboursés. Ce groupe de femmes fait le commerce de tissus
à travers de OUMOU qui est la deusième dame assise de la gauche vers la droite. Elle fait l’achat vente de tissus et compte acheter avec son prêt, 20 pagnes univax avec les grossistes de Bamako. Elle effectue ses ventes au marché et à domicile, en détail au comptant et à crédit à une clientèle composée essentiellement de femmes.
Elle envisage réaliser un bénéfice mensuel moyen de 30.000FCFA 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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