As the group members would like to increase their stock holding, they work with the field partner, Soro Yiriwaso. This will be their third group loan.
Rokia (sitting second from the left in the photo) is a well-known retailer of food (gumbo). She plans to use her loan to buy 20 sacks of gumbo from Médine. She will resell it on foot in Djalakorodji, to women, for cash or on credit. Rokia expects to make an average monthly profit of 125,000 francs CFA, which she will use to pay for healthcare costs for her children. She is working with Soro Yiriwaso in order to increase the size of her business.
Madame Rokia(femme assise en 2ème position de la gauche vers la droite sur la photo) est une grande vendeuse de condiments (gombo). Elle compte utiliser son prêt pour acheter 20 sacs de gombo. Elles s’approvisionnent en condiment à Médine. La revente se fait au comptant ou à crédit en ambulant et parfois par commande à une clientèle composée majoritairement de femmes à Djalakorodji. Madame Rokia compte réaliser avec ce prêt un bénéfice mensuel moyen de 125 000 FCFA par mois, qui sera utilisé, pour assurer les soins de santé des enfants. Elle a pour objectif d’augmenter le volume de son activité dans ce partenariat 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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