They've been in retail for many years, and are very much in demand. They run various businesses, such as buying and selling food condiments, cosmetics, and finery, as Mariam does. She's the second woman from the left in the photograph.
Eager to meet their clientele's increasing needs, the members of the group decided to join the loan program of Kiva's partner, Soro Yiriwaso. They are seeking their first solidarity loan (group loan).
Mariam, the group's president, is very well-known in Ouelessebougou. She excels in selling cosmetics and women's finery. She intends to use her loan to buy a few boxes of skin creams, pomades, and perfumes.
She gets her supplies from wholesalers in Bamako and where she lives, and retails her products, for cash and on credit, in Ouelessebougou, to a clientele comprising both men and women.
She hopes to turn a monthly profit of XOF 15'000 (ca US$ 30) to be used to repay the loan and reinvest in her business.
Elles sont dans le petit commerce depuis plusieurs années et sont très sollicitées dans leurs activités.
Dans le souci de satisfaire le besoin croissant de leur clientèle, les membres du groupe décident d’intégrer le programme crédit de Soro Yiriwaso. Elles sont à leur premier prêt solidaire.
MARIAM, qui est la présidente du groupe et très connue à OUELESSEBOUGOU, excelle dans la vente des produits de beauté et de parures de femme. Elle compte utiliser son prêt pour acheter, quelques cartons de crème et pommade pour la peau et des parfums . Elle s’approvisionne à Bamako et sur place auprès des grossistes et vend ses produits à OUELESSEBOUGOU, en détail, au comptant et à crédit, à une clientèle composée d’hommes et de femmes.
Elle espère sur un bénéfice mensuel de 15.000FCFA somme qui lui permettra de rembourser le prêt et de réinvestir dans son activité.
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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