The women in this group sell various products, such as cosmetics, brooms, fabrics, notions, and others. In order to bolster their businesses, the members decided to join the loan program from Kiva's partner, Soro Yiriwaso, from which they are seeking their eighth group loan.
Ramata is the woman sitting in the front in the photograph. She sells cosmetics (balsam, soap, and wallets). She intends to use her loan to buy these products in Koutiala. She sells at her home and at the market, to a diverse clientele.
Whereas the other members of Horongna intend to turn an average profit of XOF 120'000 during this loan cycle, Mrs. Ramata intends to reach XOF 130'000.
In addition to repaying the loans, the women use part of their profits to cover personal expenses and increase their working capital. They wishes to strengthen their collaboration with Soro Yiriwaso, in order to make sure they don't suffer from low stock.
Ce groupe de femmes fait le commerce d’articles divers tels que, de Produits Cosmétiques ; Balais, Tissus, Couture et divers. Pour augmenter la taille de leurs activités, les membres ont décidé d’intégrer le programme crédit de Soro Yiriwaso. Elles sont à leur huitième prêt de groupe.
Ramata assise devant est une vendeuse de produits cosmétiques (Pommade, Savon et des portes monnaies). Elle compte utiliser son prêt pour acheter ces produits cosmétiques à Koutiala. Elle les vend à la maison et au marché à une clientèle diverse.
Tandis que les autres membres du groupe Horongna comptent réaliser un bénéfice moyen de 120 000CFA chacune au cours de ce cycle Mme Ramata compte réaliser 130 000FCFA.
En plus du remboursement des prêts, elles utilisent une partie du revenu pour faire face aux dépenses personnelles et augmenter son fonds de commerce.
Elles souhaitent voir renforcer ce partenariat avec Soro Yiriwaso pour que les stocks ne soient pas rares.
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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