They know one another as neighbors, through ties of kinship and marriage, and through the income-generating activities they conduct in the village. As a group, they sell clothing and cosmetic products, and they provide restaurant services.
To bolster their working capital, they decided to join the Soro Yiriwaso microfinance organization. This is their 4th group loan.
Mrs. Bintou, standing 2nd from the right, is a leading reseller of clothing in Massala and surrounding areas. She plans to use her loan to buy 5 pieces of wax pagnes to meet customer demand. She sells to a mixed clientele for cash, though often on credit.
With this loan, Mrs. Bintou expects to earn an average monthly profit of 36,000 FCFA. She will use this profit to cover her children’s tuition fees, to bolster her working capital, and to help her husband.
Elles se sont connues à travers des liens de voisinage, de parenté, de mariage et de leurs activités génératrices de revenu dans le village. Elles font le petit commerce d’habillement, de restauration et de produit cosmétique. Dans le but d’augmenter leurs fonds de commerce, les membres du groupe ont décidé de collaborer avec Soro Yiriwaso et sont à leur 4ème cycle du prêt solidaire.
Madame Bintou (2ème femme debout de la droite vers la gauche dans la photo) est une grande vendeuse d’habillements dans le village de Massala et ses environnants. Elle compte utiliser son prêt pour acheter 5 pièces de wax pour la satisfaction de la demande clientèle. La vente se fait au comptant et souvent à crédit une clientèle mixte.
Madame Bintou espère réaliser un bénéfice mensuel moyen de 36 000 FCFA avec ce prêt, qui sera utilisé pour des frais de scolarisation de ses enfants et augmenter également son fonds de commerce et aider souvent son mari.
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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