The women of the group Danaya are on their thirteenth solidarity loan that will be used to purchase their merchandise as mentioned above.
This client, Kadia, who is the first person from the left in the photo, intends to purchase 12 lengths of Wax 'pagnes' (the colorful cloth of western Africa) from Bamako. Her buying cycle is monthly. She plans on making a monthly profit of 45,000 francs CFA.
Elles se sont connues à travers des liens de parenté, de voisinage et d’amitié. Elles font le commerce de condiments, de l’habillement, de la glace, du charbon de bois, du lait des produits cosmétiques et du savon.
Les femmes du groupe Danaya sont à leur treizième prêt solidaire qui sera utilisé pour acheter leurs marchandises déjà citées.
La cliente Kadia la première personne à partir de la gauche compte acheter 12 pièces de pagnes wax à Bamako. Son cycle d’achat est mensuel. Elle compte réaliser un bénéfice mensuel de 45000 FCFA.
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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