They got acquainted through bonds of neighborhood, friendship, and business. To strengthen their financial capacities and their businesses, they joined Kiva's partner, the MFI Soro Yiriwaso, from which they are seeking their third loan.
The women in this group sell fruits and vegetables. Saran is the woman with papers in her hand in the photograph. She buys and sells fruits and vegetables.
She intends to user her part of the loan to buy three cartloads of bananas and ten baskets of potatoes, cabbages, eggplants and avocados, from local wholesalers.
She sells for cash and sometimes on credit, at the market and at her home, to a clientele comprising both men and women. She foresees turning an average monthly profit of XOF 40'000 (ca US$ 80), to be used to invest in her business and 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 troisième prêt. Ce groupe de femmes fait le commerce de fruits et légumes à l’image de Saran.
Saran, qui est le membre du groupe papier en main, fait l’achat vente de fruits et légumes.
Elle compte acheter avec son prêt, 3 chargements de charrettes en bananes, et 10 paniers de pomme de terre, choux aubergines et avocat auprès des grossistes de la place. Elle effectue ses ventes au marché et à domicile, en détail au comptant et parfois à crédit à une clientèle composée d’hommes et de femmes.
Elle envisage réaliser un bénéfice mensuel moyen de 40.000FCFA 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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