To bolster their financial capacity, so as to do better business, they joined the microfinance institution Soro Yiriwaso and are now on their fifth loan. The four previous ones were properly repaid.
This group of women does commerce in clothing and secondhand clothing, as is the case with ROKIA, who is seated and holding papers in the photo. She intends to use her loan to purchase 3 packets of secondhand clothing from wholesale merchants in Bamako. Accepting cash or credit, she makes her sales to a customer base composed of essentially women at the market and at her house.
She envisions making an average monthly profit of 70,000 francs CFA that will be used to reinvest in her business and to pay back 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 adhéré à l’institution de microfinance Soro Yiriwaso avec laquelle elles sont à leur cinquième prêt. Les quarte précédents prêts ont été correctement remboursés. Ce groupe de femmes fait le commerce d'habillements et de friperie à l’image de ROKIA assise avec un papier a main. Elle compte acheter avec son prêt, 3 colis de friperie avec les commerçants 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 70.000FCFA 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