With the goal of developing their business, they joined the micro-finance institution Soro Yiriwaso and are on their fifth group loan. All the preceding loans have been correctly repaid. The group members plan to buy: 400 kg of dried baobab leaves (which are highly valued for making African sauces) and a large quantity of vegetables. Their goods are gotten locally in the village of Sirimou from market gardeners and are re-sold in the marketplace of the previously mentioned village and surrounding areas, cash or credit accepted, to customers composed of essentially women.
They each envision obtaining a profit of 12,000 francs CFA that will be used to cover the schooling and health care costs of the children.
Ces femmes unies par des liens de parenté exercent le commerce de légumes et des condiments alimentaires.
Dans l’objectif de développer leur activité commerciale elles ont intégré l’institution de microfinance Soro Yiriwaso et sont à leur cinquième prêt de groupe. Tous les prêts précédents ont été remboursés sans problème.
Les membres du groupe Djiguiya comptent acheter, 400kg de feuilles de baobab séchées (qui est très appréciés dans les sauces africaines), une grande quantité de légumes. Elles s’approvisionnent sur place dans le village Sirimou auprès des maraîchers. Elles revendent sur le marché du dit village et environs au comptant ou à crédit à une clientèle composée essentiellement de femmes.
Elles envisagent obtenir un bénéfice de 12000 FCFA chacune qui sera utilisé pour la prise en charge des frais de scolarité et santé des enfants.
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