They have joined the microfinance institution Soro Yiriwaso in order to strengthen their financial capacity and to better run their businesses. This is their fourth loan with the institution. Their three previous loans have been duly repaid.
These women, including Kebe (the featured borrower), sell condiments. In the photo, Kebe is the only woman sitting. She plans to use her loan to buy 1,500 kg of néré fruits from wholesalers in Bougouni. She sells her merchandise at the market and from home, for cash or on credit, to a retail customer base which mostly consists of women.
Kebe is expecting to make an average monthly profit of 60,000 CFA francs which will be reinvested in her business and also used to repay her loan.
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 quatrième prêt. Les 3 précédents prêts ont été correctement remboursés. Ce groupe de femmes fait le commerce de condiment à l’image de KEBE, qui est la seule femme assise dans la photo. Elle compte acheter avec son prêt,1500Kg de grains de néré avec les grossistes de BOUGOUNI. 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 60.000FCFA 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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