All the members of the group are retailers of cosmetic products (creams, hair extensions, lipsticks, perfumes, etc), fish, sheep, clothing and food ingredients. They all want to improve their stock-keeping levels so they work with the field partner, Soro Yiriwaso. This will be their third group loan.
Djénèbou (sitting on the far right of the photo) has built up a strong reputation for the quality of beauty products which she sells. She will use her loan to buy 40 boxes of hair extensions from wholesalers in the main market. She will then resell them in Kanadjiguila to women customers. Djénèbou hopes to make an average monthly profit of 80,000 francs CFA, which she will reinvest in her business.
In the future, she hopes to continue working with Soro Yiriwaso and be able to buy a plot of housing land.
Madame Djénèbou (femme assise à l’extrême droite sur la photo) a une grande réputation dans la vente des produits de beauté de meilleures qualités. Elle compte utiliser son prêt pour acheter 40 cartons de mèches en gros au grand marché. La revente se fait en détail à Kanadjiguila à une clientèle majoritairement composée de femmes. Madame Djénèbou espère réaliser avec ce prêt un bénéfice mensuel moyen de 80 000 FCFA qui sera utilisé, pour être réinvesti dans l’activité. Elle a pour objectif d’acheter un lot à usage d’habitation dans cette relation avec Soro Yiriwaso.
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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