The KENEYA group is made up of married women, who are on average 54 years old and have five kids. They all live in traditional enlarged families in the village of Kofra Bamana, commune of Massigui, prefecture of Dioîla, region of Koulikoro (second administrative region of the Republique of Mali). They met each other through family, neighborhood, and friend connections. They sell baskets. The women of the Keneya group are on their twenty-first group loan. The client, Minata, the first person on the left, sells baskets. She plans to buy 140 baskets from button-makers. They will be sold in Massigui to a mixed clientele. She foresees making an average monthly profit of 75,000 francs CFA. This profit will be reinvested into the business and used to repay the loan.
Le groupe KENEYA est composé de femmes mariées qui ont en moyenne 54 ans et 5 enfants. Elles vivent toutes dans des familles traditionnelles élargies dans le village de Kofra Bamana, commune de Massigui, préfecture de Dioîla, Région de Koulikoro (deuxième région administrative de la république du Mali).
Elles se sont connues à travers des liens de parenté, de voisinage et d’amitié. Elles font le commerce de vannes. Les femmes du groupe KENEYA sont à leur vingt-unième prêt solidaire.
La cliente MINATA, la première personne à gauche est vendeuse de vannes. Elle compte acheter 140 vannes chez les confectionneurs sur place. Elles seront vendues à Massigui à une clientèle mixte. Elle envisage réaliser un bénéfice moyen de 75.000FCFA par mois. Ce bénéfice sera en partie réinvesti dans l’activité et le remboursement de du prêt.
Soro 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.