They know one another as neighbors and friends, and through their commercial activities. To strengthen their working capital and improve their activities, they joined the microfinance institution Soro Yiriwaso, with which they have reached their third loan cycle. Both past loans were repaid correctly.
These women sell soft drinks. DJOBA, for instance, is shown in the photo with a case of a dozen soft drinks on her lap. She plans to use her loan to buy 20 cases of soft drinks from wholesalers in Bamako. She sells at retail to a mixed clientele, from her home and at the market, accepting cash and credit.
She expects to earn an average monthly profit of 30,000FCFA, which she will use to repay the loan and reinvest in her activity.
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 2 précédents prêts ont été correctement remboursés. Ce groupe de femmes fait le commerce de boissons à l’image de DJOBA, qui a une douzaine de boissons sur son pied. Elle fait l’achat vente de boissons et compte acheter avec son prêt 20 casiers de boissons avec les grossistes de Bamako. Elle effectue ses ventes au marché et à domicile, en détail au comptant et à crédit à une clientèle mixte.
Elle envisage réaliser un bénéfice mensuel moyen de 30.000FCFA 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