In order to expand their businesses, the group members have decided to work with the field partner, Soro Yiriwaso. This will be their first group loan.
Sokona Diamou (sitting second from the left in the photo) is well-known for selling highly sought after wax pagnes (traditional, wrap-around clothing) in Kalaban-coro. She plans to use her loan to buy 60 wax pagnes from Bamako. She will then retail them for cash, to women in Kalaban-coro
Sokona Diamou expects to achieve a monthly average profit of 100,000 francs CFA, which she will use to reinvest in her business and meet some of her needs. She wants to continue working with Soro Yiriwaso in order to use further loans.
Madame Sokona Diamou(femme assise en 2ème position de la gauche vers la droite sur la photo) a une bonne notoriété, car le pagne wax est très prisé par les femmes à Kalaban-coro. Elle compte utiliser son prêt pour acheter 60 pièces de pagnes wax. Elles s’approvisionnent à Bamako. Elle mène ses activités au comptant à Kalaban-coro à une clientèle de femmes. Madame compte réaliser avec ce prêt un bénéfice moyen de 100.000 FCFA par mois, qui sera utilisé, pour satisfaire son besoin et investir le reste dans son activité. Madame a pour objectif de fidéliser ce partenariat avec Soro Yiriwaso afin d’en profiter beaucoup de 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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