To bolster their financial position in order to better operate their business, the women have joined the microfinance institution Soro Yiriwaso, through whom they are on their third loan. Their two previous loans were fully repaid.
Salimata, who is the first woman pictured on the left, purchases and resells condiments, such as onions. With the loan proceeds, she plans on purchasing 375 kg of onions from wholesalers in Sikasso. She makes her sales at the market and from home, at retail both in cash and credit, to a client base made up mostly of women. She hopes to earn an average monthly profit of 60,000 francs CFA, which will be reinvested into her business and 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 ont adhéré à l’institution de microfinance Soro Yiriwaso avec laquelle elles sont à leur troisième prêt. Les deux précédents prêts ont été correctement remboursés.
SALIMATA, qui est la première femme de la gauche vers droite fait l’achat vente de condiments (tels les oignons) et compte acheter avec son prêt, 375 Kilos d’oignons avec les grossistes de Sikasso. 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 60.000FCFA 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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