To bolster their financial capacity, so as to have better businesses, they joined the the microfinance institution Soro Yiriwaso and are now on their first loan with it.
This group of women does commerce in soft drinks, as does ALIMA, who is the first woman standing from the right in the photo. She intends to use her loan to purchase 50 kg of sugar, 30 kg ginger, and some banana flavoring from wholesalers in Bougouni. She makes her sales retail to a mixed customer base paying with cash or credit at her home and at the market.
She envisions making an average monthly profit of 15,000 francs CFA that will be invested in her business and used to 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 de boissons sucrées à l’image de ALIMA qui est la 1ère femme debout dans la photo de la droite vers la gauche. Elle compte acheter avec son prêt, cinquante kilo de sucre, trente kilo de gingembre et des essences bananes 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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