They met through neighborhood, friendship and business ties. To strengthen their financial capacity in order to better do business, they joined the microfinance institution Soro Yiriwaso, with which they are on their 15th loan. The 14 previous loans were correctly repaid.
This group of women sells fabric just like Fanta who is the first person from left to right [in the photo]. With her loan she plans to buy 50 meters of damask cloth from the wholesalers in Bamako.
She sells at the market and from home, retail for cash and credit to a clientele which consists mainly of women.
She envisions making an average monthly profit of 50,000 FCFA which will be invested in the businesses and used to repay 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 15éme prêt. Les 14 précédents prêts ont été correctement remboursés. Ce groupe de femmes fait le commerce de tissus
à l’image de FANTA qui est la 1ére de la gauche vers la droite. Elle compte acheter avec son prêt, 50 mètres de bazin avec les grossistes de Bamako. 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 50.000FCFA 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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