These women became acquainted through kinship ties and are small retail traders of various items and condiments. The Benkadi group of women are on their first group loan.
Djomine is the first woman standing from left to right in the photo. She intends to use the loan to buy 10 pairs of plastic shoes, 10 pairs of earrings and 4 lengths of wax cloth (colorful West-African fabric).
She buys locally from wholesalers, and sells retail to a clientele composed of women and men, for cash and often on credit.
She hopes to attain average monthly profits of 20,000 CFA francs to be spent on health, food, and school fees. The rest 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 et des condiments. Les femmes du groupe BENKADI sont à leur 1er prêt solidaire. DJOMINE 1ère femme debout de la gauche vers la droite sur la photo ; compte utiliser son prêt pour acheter 10 paires de chaussure en plastique, 10 paires de boucle d’oreille et 4 pièces de pagnes wax. 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. 000 FCFA qui sera utilisé dans les dépenses relatives à la santé, à la nourriture, 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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