They sell soap and rice, and are also involved in the preparation and sale of soumbala (a traditional condiment prepared from néré seeds).
They have joined the microfinance institution Soro Yiriwaso in order to increase their businesses, and this is their eighth solidarity loan cycle.
Aminata (standing in the middle of the group) plans to use her loan to buy ten baskets of soumbala (each basket weighing 30kg), 50 kg of onions and one box of Maggi bouillon cubes.
She buys her merchandise locally in Bougoula and Sikasso and then resells to a customer base which consists of men and women.
Thanks to this loan, she is expecting to make an average monthly profit of 45,000 CFA francs which will be reinvested in her business and also used to take care of some household needs.
Note: There are only six women on the photo, as Mawa, another group member, is absent for personal reasons.
Dans le but d’augmenter leurs fonds de commerce, les membres du groupe intègrent Soro Yiriwaso et sont à leur 8ème cycle de prêt solidaire.
Madame AMINATA, debout au milieu, compte utiliser son prêt pour acheter, 10 paniers de 30 kg de soumbala, 50 kg d’oignons, 1 carton de cube maggi . Elle s’approvisionne sur place à Bougoula et à Sikasso ensuite fait la vente à une clientèle composée d’hommes et de femmes. Madame AMINATA compte réaliser avec ce prêt un bénéfice mensuel moyen de 45.000 francs CFA qui sera utilisé, pour être réinvesti dans l’activité et prendre en charge certains besoins du foyer
NB/ Sur la photo elles sont au nombre de 6, c’est la nommée MAWA qui est absente pour des raisons personnelle.
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