They know each other through being neighbours, friends and business associates. They joined the Soro Yiriwaso microfinance institution in order to increase their capital and improve their businesses, and this is their fourth loan. The three previous loans were all paid in full.
These women are involved in trading cereals, like Rokia, who is pictured on the far left. With her loan, she will buy 900kg of maize from farmers. She sells to individuals at the market and from home, both for cash and on credit. Most of her customers are women.
Rokia is expecting to make an average of 30,000 CFA francs per month, which will be re-invested in the business and used to repay the loan.
Elles se sont connues à travers des liens de voisinage, d’amitié et de commerce. Pour renforcer leurs capacités financières afin de mieux faire leur commerce, elles ont adhéré à l’institution de microfinance Soro Yiriwaso avec laquelle elles sont à leur quatrième prêt. Les 3 précédents prêts ont été correctement remboursés. Ce groupe de femmes fait le commerce de céréales à l’image de ROKIA, qui est la première de la gauche vers la droite Elle compte acheter avec son prêt, 900 kg de maïs avec les paysans. 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 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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