They conduct various activities such as the sale clothing, condiments, other items, and also restaurant services.
They partnered with the microfinance institution Soro Yiriwaso to expand their activities. This is their 10th group loan cycle.
Fanta is seen in the photo standing first from the right. She plans to use her loan to buy clothing. She buys her merchandise at the Grand market and sells at retail for cash to a diverse customer base, from her home and at the market.
The other group members expect to earn an average profit of 175,500CFA each for this cycle, whereas Fanta expects her own profit to reach 195,000FCFA. In addition to loan repayment, the group members will use part of their revenue to cover personal expenses and to bolster their working capital.
Ce groupe de femmes fait le commerce d’articles divers tels, les habits, de condiments, de la restauration, des articles divers, etc.
Pour augmenter la taille de leurs activités, les membres ont décidé d’intégrer le programme crédit de Soro Yiriwaso. Elles sont à leur dixième prêt de groupe.
Fanta est un membre du groupe Kankélé arrêté en première position de la droite vers la gauche sur la photo.
Elle compte utiliser son prêt pour acheter des colis d’habits. Elle se procure de ses habits au grand marché. Elle vend ses articles en détail et au comptant à la maison et au marché et à une clientèle diverse.
Tandis que les autres membres du groupe Kankélé comptent réaliser un bénéfice moyen de 175 500CFA chacune au cours de ce cycle Mme Fanta compte réaliser 195.000FCFA.
En plus du remboursement des prêts, elles utilisent une partie du revenu pour faire face aux dépenses personnel et augmenter son fond de commerce.
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