Central Heremakono district of the city of Bougouni. They met each other through being neighbours, friends and by doing business together. In order to reinforce their financial capacity and improve their business, they became members of the micro-finance institution Soro Yiriwaso. They are now working with their third loan. The two previous loans were paid back in full. This group of women are in the firewood trade, just like Oumou, the third woman from the left who is sitting down in the photo. With this loan, she will purchase 1 truckload (10 tons) of firewood with the villagers. She sells wood from her home, working with cash and credit, to both male and female customers. She hopes to make an average monthly profit of 40,000 FCFA, which will be invested into the business and used to pay off 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 3éme prêt. Les 2 précédents prêts ont été correctement remboursés. Ce groupe de femmes fait le commerce de bois de chauffe à l’image de OUMOU qui est la 3éme femme assise dans la photo de la gauche vers la droite. Elle compte acheter avec son prêt, 1 chargement de camion(de 10 tonnes)en bois de chauffe auprès des villageois. Elle effectue ses ventes à domicile, en détail au comptant et à crédit à une clientèle composée de femmes et d’hommes.
Elle envisage réaliser un bénéfice mensuel moyen de 40000FCFA 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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