The members of the group have small businesses, selling incense, wood, ginger, and pagnes (wax and brocade cloth).
With the goal of growing their businesses, the members of the group joined Soro Yiriwaso and are on their eleventh group loan cycle.
Madame Aminata (third from the left in the photo, back row) is the pagne seller in the group. She counts on using her loan to buy four wax pagnes and two brocade pagnes.
She stocks up at the wholesaler's and sells retail, for cash and credit, at home and at the market, to a clientele made up of men and women. Madame Aminata counts on making an average monthly profit of 45,000XOF through the loan, which will be used to reinvest in her business and to help her husband with some of the family's spending.
Les membres du groupe font le petit commerce, d’encens, de bois, gingembre et de pagnes wax-bazins.
Dans le but d’augmenter leurs fonds de commerce, les membres du groupe ont intégrés Soro Yiriwaso et sont à leur 11ème cycle de prêt solidaire.
Madame AMINATA (3ème à gauche sur la photo, rang de derrière) est la vendeuse de wax et bazins du groupe. Elle compte utiliser son prêt pour acheter, 4pièces de pagnes wax et 2 pièces de pagnes bazins.
Elle s’approvisionne auprès des grossistes et effectue ses ventes en détail, au comptant et à crédit, à domicile et au marché, à une clientèle composée d’hommes et de femmes.
Madame AMINATA compte réaliser avec ce prêt un bénéfice mensuel moyen de 45.000 FCFA qui sera utilisé, pour être réinvesti dans l’activité et aider son mari dans certaines dépenses familiales.
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