To increase their financial capacity in order to better conduct their businesses, the women joined the micro-finance institution Soro Yiriwaso, with whom they are on their second loan.
This group of women sells clothing just like Bassira. Bassira, who is the one with paper in her hand, buys and sells clothing. With this loan, she hopes to buy 10 lengths of pagne [brightly colored fabric] of different types from the wholesalers in Bamako.
Bassira makes her sales at a market and from home, for cash and credit, to customers who are men and women.
She hopes to earn an average monthly income of 42,000 francs CFA, which will be invested in [the group's] businesses 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 deuxième prêt. Ce groupe de femmes fait le commerce d’habits à l’image de Bassira.
Bassira, qui est le membre du groupe papier en main, fait l’achat vente d’habits. Elle compte acheter avec son prêt, 10 pièces de pagnes de différents types avec les grossistes de Bamako. Elle effectue ses ventes au marché et à domicile, en détail au comptant et à crédit à une clientèle composée d’hommes et de femmes.
Elle envisage réaliser un bénéfice mensuel moyen de 42.000FCFA 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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