The group members have been partners with Soro Yiriwaso for three years and are on their fifth solidarity loan. All the preceding loans have been correctly repaid. The current loan will serve to buy: 100 kg of fresh onions, 800 kg of okra, 60 kg of pasta, some jewelry (bracelets and necklaces), and some cloth. Supplies of condiments are gotten from merchants from Sikasso. The jewelry and cloth are gotten from merchants at the grand marketplace of Bamako (capital of Mali).
The women each envision realizing 40,000 francs CFA on average per month that will serve to repay the loan and to meet family expenses (education, food, clothing, health...etc.)
Ces femmes exercent essentiellement le commerce de condiments, de bijoux et de tissus.
Ce groupe est partenaire de Soro Yiriwaso depuis 3 ans. Il est à son cinquième prêt solidaire et tous les prêts précédents ont été correctement remboursés.
Le présent prêt va servir à acheter, 100 kg d’oignons frais, 800 kg de gombo, 60 kg de pâte alimentaire, des bijoux (colliers pour le poignet et le cou) et des tissus. Elles s’approvisionnent en condiments avec les commerçantes venant de Sikasso, en bijoux et tissus auprès des commerçants au grand marché de Bamako (capitale du Mali).
Elles envisagent réaliser chacune en moyenne 40.000 FCFA par mois qui servira à rembourser l’échéance du prêt et satisfaire des dépenses de la famille (éducation, nourriture, habillement, santé…etc.)
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