The Benko group is made up of 8 women, all married who live in large traditional families with their husbands, children and other parents. On average, they are 35 years old and have at least 4 children in the town of Koutiala. This group sells various items, such as spices and vegetables for sauces, cloths, cups, shea butter, beans, okra, etc. In order to increase the size of their businesses, the members decided to join the Soro Yiriwaso loan program. They are on their first loan. Nana, the second person from the right to the left, expects to use her loan to buy a large quantity of shea butter in Koutiala. She sells the butter at the market at retail for cash to a mixed clientele. Based on market demand, Ms. Nana expects to make a profit of 90,000 f CFA, while the other members of the groups expect to make an average monthly profit of 84,000 f CFA each during the loan cycle. Besides the repayment of their loans, they will use a part of their revenue to cope with personal expenses and to increase their business funds.
Le groupe Benkola composé de 8 femmes toutes mariées, avec leurs maris, enfants et autres parents, vivent dans des grandes familles traditionnelles. Elles ont en moyenne 35 ans et au moins 4 enfants, dans la ville de Koutiala.
Ce groupe fait le commerce d’articles divers tels que les Condiments, Tissus, Légumes, Tasses, Beurre de Karité, Arachide, Gombo, etc. Pour agrandir la taille de leurs activités, les membres ont décidé d’intégrer le programme crédit de Soro Yiriwaso. Elles sont à leur premier cycle.
Nana deuxième personne de la droite vers la gauche ne compte utiliser son prêt pour acheter du Beurre de Karité en grande quantité à Koutiala. Elle vend le beurre au marché en détail et au comptant a une clientèle mixte.
Mme Nana comptent réaliser un bénéfice de 90 000 FCFA vu les demandes sur le marché tandis que les autres membres comptent réaliser un bénéfice moyen de 84 000 FCFA chacune durant ce cycle.
En plus du remboursement des prêts, elles utilisent une partie du revenu pour faire face aux dépenses personnelles et augmenter leurs fonds de commerce.
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.