The women know one another through family ties, and buy and sell foodstuffs and smoked fish, and run restaurants.
This will be the second group loan for the women.
Rabiatou (sitting on the left of the photo) will use her loan to buy baskets of smoked fish. She buys her supplies from wholesalers in Bla, and sells to men and women for cash or on credit.
Rabiatou expects to earn a monthly average of 10,000 francs CFA, and she will use her earnings for health expenses, food, clothes, school fees and the rest will be reinvested in her business.
Ces femmes se sont connues à travers des liens de parenté et font les activités d’achat et de vente de condiments, des poissons fumés et de la restauration.
Les femmes du groupe MOUGNOU sont à leur 2ème prêt solidaire. RABIATOU1ère femme assise à la gauche sur la photo compte utiliser son prêt pour acheter des paniers de poissons fumés. Elle s’approvisionne à BLA avec les grossistes. 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 10 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