They know one another through ties of kinship, vicinity and friendship. They sell grain, clothing, vegetable sauces, and prepared foods. The women of the Badenya Group are on their twenty-first group loan, which will be used to buy grain, clothing, vegetables for sauce, and rice for food preparation.
Nene, shown in the photo seated on the right, plans to purchase with her loan several dozen sets of children's clothing and ten full wax pagnes (traditional West African dyed cloth) in Bamako. These items will be sold to her customers at the market and from her home. She hopes to earn an average income of 80,000 Francs CFA per week that she will use to open her own shop.
Elles se sont connues à travers des liens de parenté, de voisinage et d’amitié. Elles font le commerce de céréales, d’habillements, de condiments, et de la restauration.
Les femmes du groupe Badenya sont à leurs vingt unième prêts solidaires qui sera utilisé pour acheter des céréales, des habillements, des condiments et du riz pour la restauration.
NENE qui est assise à droite compte acheter avec son prêt des douzaines de complets pour enfants et 10 pagnes wax à Bamako. Ces articles seront vendus à ses clientes au marché et à domicile.
Elle envisage réaliser un bénéfice moyen par semaine de 80 000FCFA qui sera utilisé pour ouvrir une boutique.
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