They all live in Chiola, a village in Ségou Region (fourth administrative region of Mali), and got acquainted through business and bonds of neighborhood.
They retail cereals and peanuts. In order to bolster their working capital, the members of the group decided to collaborate with Kiva's partner, Soro Yiriwaso, from which they are seeking their sixth group loan.
Mrs. Djènèba (second woman from the left in the photograph) has a good reputation as a peanuts merchant in her village.
She intends to use her part of the loan to buy 20 sacks of peanuts. She gets her supplies from the fair in Konodimini.
She resells for cash and on credit, at her home and at the Medine market in Ségou, to a clientele comprising both men and women.
With this loan, she hopes to turn an average monthly profit of XOF 15'000 (ca US$ 30), to be reinvested in her business and used to ensure the daily food expenses of her family get covered.
Mrs. Djènèba's goal, which all members of the group share, is to expand her business, thanks to this partnership with Soro Yiriwaso.
Madame Djènèba (la deuxième femme debout de la gauche vers la droite sur la photo) a une grande réputation dans la vente des arachides dans le village. Elle compte utiliser son prêt pour acheter 20 sacs d’arachides. Elle se ravitaille en arachide à la foire de Konodimini. La revente se fait au comptant et à crédit à domicile et dans le marché Medine Ségou à une clientèle mixte. Madame Djènèba espère réaliser un bénéfice mensuel moyen de 15.000 FCFA avec ce prêt, qui sera utilisé, pour être réinvesti dans l’activité et assurer la consommation familiale du foyer en condiments. A l’instar des autres femmes du groupe, Madame Djènèba a pour objectif d’augmenter le volume de son activité dans ce partenariat avec Soro Yiriwaso.
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