They carry out various activities such as the purchase and sale of condiments and vegetables, like Mariam who is the first person sitting from left to right in the photo. They live in large traditional families in Kibaru in the Selingue district (part of the Sikasso region, Republic of Mali).
They have been running small businesses for several years and are very much in demand through their activities. To satisfy the growing needs of their customers, the group decided to join the Soro Yiriwaso loan program.
Mariam, who is the group president and very well known in Kibaru, excels in selling vegetables used in condiments. She plans to use the loan to buy different kinds of food condiments (peppers, tomatoes, onions, cabbages, eggplants) and citrus fruit. She gets her supplies from wholesalers in Bamako and retails her products in Selingue, for cash or credit to a clientele composed of men and women.
She hopes to attain a monthly benefit of 15,000 CFA francs, enabling her to repay the loan and to reinvest in her business.
Elles sont dans le petit commerce depuis plusieurs années et sont très sollicitées dans leurs activités.
Dans le souci de satisfaire le besoin croissant de leur clientèle, les membres du groupe ont décidé d’intégrer le programme crédit de Soro Yiriwaso.
MARIAM, qui est la présidente du groupe et très connue à KIBARU, et elle excelle dans la vente de légumes de condiments. Elle compte utiliser son prêt pour acheter de condiment alimentaires de différentes sortes (poivre, tomate, oignon, choux, aubergines) et des agrumes. Elle s’approvisionne à Bamako et sur place auprès des grossistes et vend ses articles à SELINGUE, en détail, au comptant et à crédit, à une clientèle composée d’hommes et de femmes.
Elle espère sur un bénéfice mensuel de 15.000FCFA somme qui lui permettra de rembourser le prêt et de réinvestir dans son activité.
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