These women became acquainted through kinship ties and are retail merchants of various items. Having successfully repaid their previous loans, the women in the Benkadi group are on their 15th group loan.
Korotimi, the woman standing in the middle of the photograph, intends to use the loan to buy 20 pairs of plastic shoes, 10 lengths of Wax (colorful West-African fabric), 30 pairs of earrings and 1 roll of Bazin fabric.
She buys locally from wholesalers and conducts her retail sales to a clientele composed of women and men, for cash and often on credit.
She hopes to attain average monthly profits of 50,000 CFA francs, which will be used for health expenses and school fees. The remainder will be reinvested in the business.
Ces femmes se sont connues à travers des liens de parenté et font les activités d’achat et de vente des articles divers. Après avoir remboursés correctement leurs prêts précédents, les femmes du groupe BENKADI sont à leur 15ème prêt solidaire. KOROTIMI femme debout au milieu sur la photo ; compte utiliser son prêt pour acheter 20 paires de chaussures en plastique, 10 pièces de Wax, 30 paires de boucle d’oreille et 1 rouleau de Bazin. 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 50 000FCFA qui sera utilisé dans les dépenses relatives à la santé, 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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