These women know one another through ties of kinship, and they conduct commercial activities involving the purchase and sale of miscellaneous products.
This is the Djiguiya group’s 6th group loan cycle; all past loans were correctly repaid. Minata, 2nd from the left in the photo, plans to use her loan to buy 1 carton of soap, 10 children’s toys, 10 cartons of pomade and 10 pairs of plastic shoes. She buys her merchandise locally from wholesalers, and sells it to a clientele consisting of both men and women for cash, though often on credit.
Minata expects to earn an average monthly profit of 20,000FCFA, which she will use to cover expenses pertaining to healthcare, food, clothing, and tuition. Any remainder will be reinvested in her activity.
Ces femmes se sont connues à travers des liens de parenté et font les activités d’achat et de vente des produits divers. Après avoir remboursés correctement leurs prêts précédents, les femmes du groupe DJIGUIYA sont à leur 6ème prêt solidaire. MINATA 2ème femme à gauche sur la photo ; compte utiliser son prêt pour acheter 1carton de savon, 10 jouets pour enfants, 10 boites de pommade et 10 chaussures en plastique. Elle s’approvisionne sur place chez les grossistes. Elle effectue ses ventes, à une clientèle composée de femmes et d’hommes en espèce et souvent à crédit.
Elle envisage réaliser un bénéfice moyen mensuel de 20 000FCFA qui sera utilisé dans les dépenses relatives à la santé, à la nourriture, l’habillement, aux frais scolaires et le reste sera réinvesti dans les activités.
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