They became acquainted through neighborhood ties, friendship and commerce. To strengthen their financial capacity and improve their business, they joined the Soro Yiriwaso microfinance institution where they are on their first loan.
This group of women is active in the retail trade of onions, fruits and vegetables. Fanta is an example, who is sitting at the middle with a yellow bucket. She intends to use the loan to buy 15 bunches of bananas from peasant producers. She sells at the market and through home delivery, retail for cash and credit to both women and men customers.
She expects to make an average monthly profit of 15.000 FCFA which will be invested in the 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 d’oignon et des fruits et légumes à l’image de FANTA, assise devant au milieu avec un seau jaune. Elle compte acheter avec son prêt, 15 régimes de banane avec les paysans producteurs. Elle effectue ses ventes au marché et à domicile, en détail au comptant et à crédit à une clientèle composée de femmes et d’hommes.
Elle envisage réaliser un bénéfice mensuel moyen de 15.000FCFA 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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