They know one another through ties of vicinity, friendship and commerce. In order to improve their financial positions, and with the goal of improving their business, the group is collaborating with the microfinance institution Soro Yiriwaso and are currently on their sixth loan. This group of women are merchants of grain, sauces, etc.
Aminata, shown in the photo on the far right, is a grain merchant. With this loan, she intends to purchase 700 kilograms of fonio (a species of millet) and corn from wholesalers. Aminata sells her merchandise for cash and credit at the local market, in surrounding villages, and from her home to a clientele composed of men and women. She hopes to earn an average monthly income of 50,000 FCFA, which she will use to reinvest in her business and repay her loan.
Elles se sont connues à travers des liens de voisinage, d’amitié et de commerce. Afin de renforcer leurs capacités financières pour de mieux faire leurs commerces, elles ont adhéré s à l’institution de microfinance Soro Yiriwaso avec laquelle elles sont à leur sixième prêt. Ce groupe de femmes fait le commerce de céréales, de condiments, etc.
AMINATA, première de la droite vers la gauche, fait l’achat vente de céréales. Elle compte acheter avec son prêt, 700 kilos de fonio et de maïs auprès des grossistes. Elle effectue ses ventes au marché, dans les foires des villages environnants 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 50.000FCFA 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