They run various businesses, such as buying and selling clothing, just like Ami, the second person seated from the left in the photograph. They've been in the retail business for several years, buying and selling clothing: pagnes Wax (colorful African cloth) and secondhand clothing, and they are very much in demand.
Eager to satisfy the growing needs of their clientele, the members of the group decided to join the loan program of Kiva's partner, Soro Yiriwaso, four years ago. They are seeking their seventh solidarity loan (group loan).
Ami, the president of the group, is very well known in Ouelessebougou and she excels in selling clothing. She intends to use her loan to buy 5 pieces of pagnes Wax and one bale of secondhand clothing.
She gets her supplies in Bamako and locally from wholesalers, and retails her clothes in Ouelessebougou, for cash and on credit, to a clientele comprising both men and women.
She hopes to turn an average monthly profit of XOF 10'000, which will enable her to repay the loan, and reinvest the remainder in her clothing business.
Elles sont dans le petit commerce depuis plusieurs années et sont très sollicitées dans leurs activités d’achat vente d’habillement : pagnes wax et friperie.
Dans le souci de satisfaire le besoin croissant de leur clientèle, les membres du groupe ont décidé d’intégrer le programme crédit de Soro Yiriwaso il y a quatre ans. Elles sont à leur septième prêt solidaire.
AMI, qui est la présidente du groupe et très connue à Ouelessebougou, excelle dans la vente d’habillements. Elle compte utiliser son prêt pour acheter 5 pièces de pagne wax et de 1 balle de friperie. Elle s’approvisionne à Bamako et sur place auprès des grossistes et vend ses habits à Ouelessebougou, en détail, au comptant et à crédit, à une clientèle composée d’hommes et de femmes.
Elle espère sur un bénéfice mensuel de 10.000FCFA somme qui lui permettra de rembourser le prêt et de réinvestir le reste dans son activité d’achat vente d’habillements.
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