The women live in large, traditional families in Ouelessebougou in the county of Kati (in the Koulikoro region of the Republic of Mali). They have been trading locally for several years and are are in great demand for their products and services.
With a view to meeting the growing needs of their customers, the group members decided to join Soro Yiriwaso three years ago. They are on their fifth mutual loan. Ami, who is the group leader and very well known in Ouelessebougou, excels in the selling of vegetables and condiments. She intends to use her loan to purchase a variety of condiments (peppers, tomatoes, onions, cabbages, stock cubes and dried fish). She buys her supplies in Bamako and locally from wholesalers, and sells her food products in Ouelessebougou - retail - for both cash and credit, to both men and women.
She is hoping for a monthly profit of 20,000 FCFA, an amount which will allow her to repay the loan, and to invest in her business.
Elles sont dans le petit commerce depuis plusieurs années et sont très sollicitées dans leurs activités.
Dans le souci de satisfaire le besoin croissant de leur clientèle, les membres du groupe ont décidé d’intégrer le programme crédit de Soro Yiriwaso il y a trois ans. Elles sont à leur cinquième prêt solidaire.
AMI, qui est la présidente du groupe et très connue à OUELESSEBOUGOU, excelle dans la vente de légume de condiment. Elle compte utiliser son prêt pour acheter de condiment de différentes sortes (poivre, tomate, oignon, choux, cube maggi.et des poissons séchés). Elle s’approvisionne à Bamako et sur place auprès des grossistes et vend ses aliments à OUELESSEBOUGOU, en détail, au comptant et à crédit, à une clientèle composée d’hommes et de femmes.
Elle espère sur un bénéfice mensuel de 20.000FCFA somme qui lui permettra de rembourser le prêt et de réinvestir dans son activité.
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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