In order to increase their financial capacity and to better conduct their business, the women partnered with the microfinance organization Soro Yiriwaso, with whom they are on their 4th loan. Their 3 previous loans were all fully repaid.
Rokia, pictured as the 2nd woman standing in the photo from left to right, is in the soap business. She plans to use her loan to purchse locally-made soaps from producers in Bougouni. She makes her sales at the market and from her home at retail for both cash and credit to a customer base made up mostly of women. She hopes to earn an average monthly profit of 45,000 francs CFA which she will reinvest in her business and use 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 4éme prêt. Les 3 précédents prêts ont été correctement remboursés. Ce groupe de femmes fait le commerce de savons
à l’image de ROKIA qui est la 2éme femme débout dans la photo de la gauche vers la droite. Elle compte acheter avec son prêt, des savons de fabrication locale avec les fabricants 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 45.000FCFA 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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