They got to know each other through bonds of community, friendship, and business. To strengthen their financial capability and do better business, they joined Kiva's partner, the MFI Soro Yiriwaso, from which they are seeking their first loan.
These women run food-serving businesses, just like Naminata, the second woman from the right in the photograph. She intends to use her loan to buy 50 kg of rice, 10 kg of fresh fish, and lots of condiments from wholesalers in Bougouni.
She sells retail at the market and at her home, for cash and on credit, to a mixed-gender clientele. She foresees turning an average monthly profit of XOF 15'000, to be in part invested in her business, and in part used to repay 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 de la restauration à l’image de NAMINATA qui est la 2ème femme assise dans la photo de la droite vers la gauche . Elle compte acheter avec son prêt, 50 kg de riz, 10 kg de poissons frais et beaucoup de condiments 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 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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Success!! The loan was 100% repaid