The majority of the women who make up the Sabougnouma group are married within monogamous families. On average, they are 36 years old and have three children each. They all live in Kognoumani, a neighborhood of Bamako, and they have come to know one another through neighborhood ties and also through their income-generating activities at the Kognoumani market. They sell wax fabrics, eggs, red oil and tubers. In order to increase their businesses, they have decided to join Soro Yiriwaso, and this is their second solidarity loan.
Aminata (seated on the right-hand side in the photo) is an important reseller of wax fabrics. She is planning to use her loan to buy 25 sets of wax fabrics in Bamako. She resells her merchandise on a retail basis in Kognoumani and also as an itinerant seller, and most of her customers are women. Thanks to this loan, she is expecting to make an average monthly profit of 35,000 CFA francs which will be reinvested in her business and also used to meet the needs of her family.
Mariées majoritairement dans des ménages monogamiques, les quatre membres du groupe Sabougnouma ont en moyenne 36 ans et 3 enfants. Elles habitent toutes à Kognoumani l’un des quartiers de Bamako et se sont connues à travers des liens de voisinage et de leurs activités génératrices de revenu au marché de Kognoumani. Les membres du groupe font le petit commerce de, pagnes wax, œufs, huile rouge et tubercules. Dans le but d’augmenter leurs fonds de commerce, les membres du groupe ont décidé de collaborer avec Soro Yiriwaso et sont à leur 2ème cycle de prêt solidaire.
Madame Aminata (femme assise à l’extrême droite sur la photo) est une grande vendeuse de pagnes wax. Elle compte utiliser son prêt pour acheter 25 pièces de pagnes wax à Bamako. La revente se fait en détails à Kognoumani et en ambulant à une clientèle composée majoritairement de femmes. Madame Aminata compte avoir avec ce prêt un bénéfice mensuel moyen de 35 000 FCFA qui sera utilisé, pour être réinvesti dans l’activité et satisfaire les petits besoins du foyer.
Soro 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.