They know one another as neighbors and friends, and through ties of kinship. They sell condiments and clothing, and they provide restaurant services.
To meet their massive customer demand, the group members joined the Soro Yiriwaso loan program, and this is their 3rd group loan cycle. The funds will be used to stock up on merchandise to sell.
Djeneba, standing first from the left, never received any formal education. After attempting several income-generating activities without success, she is now a reseller of condiments. She plans to use her loan to buy 50 kg of onions, 25 kg of salt, 25 kg of smoked fish and some Maggi bouillon cubes from wholesalers at the weekly market. She retails her stock in Dioila, for cash, to a diverse clientele.
Djeneba expects to earn a monthly profit of 27,000 FCFA, which she will reinvest in her activity.
Elles se sont connues à travers des liens de parenté, de voisinage et d’amitié. Elles font la restauration, le commerce de condiment, et d’habillement. Les femmes du groupe BADEYA sont à troisièmes prêts solidaires. Dans le but de satisfaire la demande énorme de leurs clientèles, elles font recourt à SORO YIRIWASO. Ces montants seront utilisés pour acheter leurs marchandises déjà citées.
La cliente DJENEBA la première personne à partir de la gauche dans le rang debout n’est pas instruite. Après avoir tenté plusieurs activités de revenue sans succès, elle est actuellement vendeuse de condiment. Elle compte acheter 50 kg d’oignon, 25 kg de sel, 25 kg de poisson fumé, et des cubes Maggi chez les grossistes au marché hebdomadaire. La vente se fait en détail et en espèce à une clientèle mixte à Dioïla. Elle compte réaliser un bénéfice de 27 000Fcfa par mois, qui seront réinjecté dans l’activité.
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