In order to increase their financial capacity and better conduct their businesses, the group joined the micro-finance institution Soro Yiriwaso. They are on their first loan.
This group of women sells clothing, like Nassoun, who is the first woman standing on the left in the photo. With her loan, she plans to buy 10 meters of damask fabric and six lengths of pagne [bright, colorful fabric] from the wholesalers in Bamako. Nassoun makes her sales at a market and from home, for cash and credit, to a mixed group of customers.
Nassoun hopes to earn an average monthly profit of 15,000 francs CFA, which she will use to invest in her business and pay back 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 1er prêt. Ce groupe de femmes fait le commerce des habits à l’image de NASSOUN qui est la 1ère femme debout dans la photo de la gauche vers la droite. Elle compte acheter avec son prêt, 10 mètres de bazin et 6 pièces de pagnes avec les grossistes de Bamako. 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 15.000FCFA 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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