Allah Kan Djidi Group
They are petty traders of grain cereals, fruits, vegetables, etc. In order to expand their business, the group decided to collaborate with Soro Yiriwaso and are in their seventh group loan cycle.
Mrs. Djeneba (sitting in second position from left to right on the photo) is a major rice seller in the village of N'gara and its surroundings. She plans to use her loan to buy four bags of paddy rice (whole-grain) from farmers at the Konodimini fair.
She then steams, hulls and strips the rice of its bran before retailing it for cash and credit through home delivery and at the Konodimini fair to both men and women customers.
Mrs. Djeneba hopes to achieve an average monthly profit of 20,000 FCFA with this loan, which will be reinvested in the business and used for the upkeeping of the household children.
Just like the other women in the group, Mrs Djeneba aims to increase the volume of her business in partnership with Soro Yiriwaso.
Madame Djènèba (femme assise en 2ème position sur la photo de la gauche vers la droite) est une grande vendeuse de riz dans le village de N’gara et ses environnants. Elle compte utiliser son prêt pour acheter 4 sacs de riz paddy avec les exploitants à la foire de Konodimini. Il est ensuite étuvé, décortiqué et débarrassé de ses sons avant d’être revendu au comptant et à crédit à domicile et dans la foire de Konodimini à une clientèle composée d’hommes et de femmes. Madame Djènèba espère réaliser un bénéfice mensuel moyen de 20 000 FCFA avec ce prêt, qui sera utilisé, pour être réinvesti dans l’activité et assurer l’entretien des enfants du foyer. Tout comme les 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