They became acquainted through neighborhood ties, friendship and commerce. To strengthen their financial capacity to improve their business, they joined the Soro Yiriwaso institution where they are on their second loan. The previous loan has been repaid in full.
This group of women are retail merchants of various items like Awa, who is the woman sitting in front in the photo.
She intends to use her loan to buy 6 cartons of soap, 4 lengths of pagnes (colorful West-African fabric) and twenty full sets of children's clothing from wholesalers in Bougouni. She conducts her retail sales at the market and at home, for cash and on credit, to a mixed clientele.
She expects to attain average monthly profits of 15,000 CFA francs, to be reinvested in the business and used to repay 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 2ème prêt. Le précédent prêt a été correctement remboursé. Ce groupe de femmes fait le commerce d’articles divers
à l’image de AWA qui est la femme assise devant dans la photo. Elle compte acheter avec son prêt, 6 cartons de savon, 4 pièces de pagnes et 2 dizaines de complets d’habits pour enfant 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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