In order to increase their financial capacity to better run their businesses, the women partnered with the microfinance organization Soro Yiriwaso, with whom they are on their third group loan. Their two previous loans have been fully repaid.
Haby sells cakes and is the second woman from the left in the photo. She plans to use her loan to purchase 25kg of wheat flour and some sugar from wholesalers in Bougouni. She makes her sales at the market and from her home, at retail for cash and for credit to a customer base made up of both men and women. Haby hopes to earn an average monthly salary of 30,000 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 3éme prêt. Les 2 précédents prêts ont été correctement remboursés. Ce groupe de femmes fait le commerce de gâteaux à l’image de HABY qui est la 2 éme femme dans la photo de la gauche vers la droite. Elle compte acheter avec son prêt, 25 Kg de farine de blé et du sucre avec les grossistes de Bougouni. Elle effectue ses ventes au marché et à domicile, en détail au comptant et à crédit à une clientèle mixte .
Elle envisage réaliser un bénéfice mensuel moyen de 30.000FCFA 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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Success!! The loan was 100% repaid