They met through kinship, neighborhood ties and friendship. They sell food preparations, condiments, soap and various items.
The Balimaya group of women are on their ninth group loan. To meet their customers' huge demand, they seek assistance from Soro Yiriwaso.
Mamou, the person who is kneeling, is illiterate and currently sells various items. She intends to buy cartons of ear-rings, necklaces and rings from wholesalers in Bamako.
Retail sales are conducted for cash, at her home and sometimes as an itinerant vendor, to a mixed clientele. She expects to achieve monthly profits of 45,000 CFA francs, which will be reinvested in her business.
Elles se sont connues à travers des liens de parenté, de voisinage et d’amitié. Elles font la restauration, le commerce de condiments, de savon et d’articles divers.
Les femmes du groupe BALIMAYA sont à leur neuvième prêt solidaire.
Dans le but de satisfaire la demande énorme de leurs clientèles, elles font recours à Soro Yiriwaso.
La cliente MAMOU, personne assises est analphabète, elle est actuellement vendeuse d’article divers. Elle compte acheter des cartons de boucle d’oreille, de collier et de bague chez les grossistes à Bamako.
La vente se fait en détail et en espèce chez elle et parfois ambulante à une clientèle mixte. Elle compte réaliser un bénéfice moyen mensuel de 45 000Fcfa, qui sera réinvesti dans son activité.
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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