These women got to know each other through bonds of neighborhood, friendship and business. In order to strengthen their financial capacity, they joined the microfnance institution Soro Yiriwaso, with which they are on their second loan. The preceding loan was correctly reimbursed.
This group of women sells condiments, as is the case for Lalla, who is the first woman sitting in the photo, right to left. She intends to use her loan to buy 200 kilos of néré seeds and 50 kilos of salt from wholesalers in Bougouni. She makes her sales at the market and out of her home, retail, for cahs and credit, to a clientele composed essentially of women.
Lalla expects to make an average monthly profit of 20,000 f CFA which will be invested in her business and used to reimburse the loan.
Elles se sont connues à travers des liens de voisinage, d’amitié et de commerce. Pour renforcer leur capacité financière afin de mieux faire leur commerce, elles ont adhéré à l’institution de microfinance Soro Yiriwaso avec laquelle elles sont à leur 2éme prêt. Le précédent prêt à été correctement remboursé. Ce groupe de femmes fait le commerce de condiments à l’image de LALLA qui est la 1ére femme assise dans la photo de la droite vers la gauche. Elle compte acheter avec son prêt, 200Kilos de grains de néré et 50 kilos de sel avec les grossistes de BOUGOUNI. Elle effectue ses ventes au marché et à domicile, en détail au comptant et à crédit à une clientèle composée essentiellement de femmes.
Elle envisage réaliser un bénéfice mensuel moyen de 20.000FCFA qui sera investi dans les activités et rembourser le prêt.
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