These women know each other through family connections and run businesses buying and selling various items such as artisanal products..
After having properly repaid their previous loans, the women of the Siguidia group are on their eighth solidarity (group) loan. Awa, the woman second from the left in the photo, intends to use her loan to buy 50 earthenware urns, and 60 water jugs. She gets her supplies in Mopti and makes her sales to a clientele comprising men and women, in cash and often on credit.
She foresees realizing an average monthly profit of 35,000 FCFA, which will be used to pay for expenses relating to health, food, clothing, and school fees, with the rest being reinvested in her business.
Ces femmes se sont connues à travers des liens de parenté et font les activités d’achat et de vente des articles divers tels les produits artisanaux.
Après avoir correctement remboursés les prêts précédents, les femmes du groupe SIGUIDIA sont à leur 8 eme prêt solidaire. AWA 2 eme femme de la gauche vers la droite compte utiliser son prêt pour acheter cinquante jarres, soixante gargoulettes. Elle s’approvisionne à MOPTI. Elle effectue ses ventes, à une clientèle composée de femmes et d’hommes en espèce et souvent à crédit.
Elle envisage réaliser un bénéfice moyen mensuel de 35 000FCFA qui sera utilisé dans les dépenses relatives à la santé, à la nourriture, et l’habillement, aux frais scolaires et le reste sera réinvesti dans les activités.
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