In order to strengthen their financial capacity and improve their businesses, the women have decided to work with the field partner, Soro Yiriwaso, this will be their first group loan.
The women sell bananas. Kadia (sitting third from the left in the photo) also sells bananas. She will use her loan to buy 50 kg of rice from wholesalers in Bougouni. She sells her product at the market and from door-to-door, to various customers, for cash or on credit.
Kadia expects to earn a monthly average of 6,500 francs CFA, which she will invest in her business and use to repay her 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 de bananes à l’image de KADIA qui est la 3ème femme assise dans la photo de la gauche vers la droite. Elle compte acheter avec son prêt, 50 kg de riz avec les grossistes de Bougouni. 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 6.500FCFA 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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Success!! The loan was 100% repaid