In order to expand their businesses the women decided to work with the field partner, Soro Yiriwaso. This will be their twelfth group loan.
Sétou (standing third from the left in the photo) is a member of the Kankele Group, and sells fruit and vegetables. She plans to use her loan to buy fruit and vegetables (mangoes, bananas, oranges, lemons, etc) from the main market. She will then retail her produce for cash to various customers.
The other members of the group expect to make an average profit of 115,000 francs CFA each, over the loan period, but Sétou expects to make 130,000 francs CFA. She intends to use her profit to repay her loan, provide for her personal expenses and increase her working capital.
The women would like to continue to strengthen their partnership with Soro Yiriwaso in order to ensure that they maintain their stock levels.
Ce groupe de femmes fait le commerce d’articles divers tels que, d’Habits, Condiments, Fruits et Légumes et divers. Pour augmenter la taille de leurs activités, les membres ont décidé d’intégrer le programme crédit de Soro Yiriwaso. Elles sont à leur douzième prêt de groupe.
Sétou est un membre du groupe Kankele vendeuse de fruits et légumes, debout en troisième position de la gauche vers la droite.
Elle compte utiliser son prêt pour acheter des Fruits et légume (mangue, bananes, orange, citrons..). Elle se procure de ces articles au grand marché et les vend au comptant à une clientèle diverse.
Tandis que les autres membres du groupe Kankele comptent réaliser un bénéfice moyen de 115 000CFA chacune au cours de ce cycle Mme Sétou compte réaliser 130 000FCFA.
En plus du remboursement des prêts, elles utilisent une partie du revenu pour faire face aux dépenses personnelles et augmenter son fonds de commerce.
Elles souhaitent voir renforcer ce partenariat avec Soro Yiriwaso pour que les stocks ne soient pas rares.
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