They know each other through neighbourhood and familial relations, and run businesses selling various items such as milk, firewood, charcoal, cereals, etc.
These women joined the microfinance institution Soro Yiriwaso with the goal of making their lucrative businesses more durable. They are working on their eleventh loan, and all ten of their previous loans were repaid properly.
With this loan, they intend to buy 400 bags of charcoal and a large quantity of various other items such as milk and cereals. The cereals, milk, and charcoal are bought at retail in the neighbouring villages, and are resold in cash or on credit on-the-spot in Djinina and at the Fana exit station to a clientele composed of men and women.
They each estimate earning an average profit of 20,000 FCFA per month. A portion of the profits will be reinvested in their businesses, and the rest used to pay for the daily household expenses.
Elles se sont connues par des liens de voisinage et de parentés et exercent le commerce d’articles divers tels le lait, le bois de chauffe, le charbon de bois, les céréales etc.
Ces femmes ont intégrés l’institution de microfinance Soro Yiriwaso dans le but de pérenniser leurs activités lucratives. Elles sont à leur onzième prêt et tous les dix prêts précédents ont été correctement remboursés.
Avec ce prêt elles comptent acheter, 400 sacs de charbon de bois et une grande quantité d’autres articles divers tels le lait et les céréales. Les céréales, le lait et le charbon de bois sont achetés en détail dans les environnants du village et sont revendus au comptant ou à crédit sur place à DJININA et au poste de sortie de FANA à une clientèle composée de femmes et d’hommes.
Elles estiment avoir chacune un bénéfice moyen de 20 000FCFA par mois. Les bénéfices sont d’une part réinvestis dans l’activité et d’autre part dans les dépenses quotidiennes de la famille.
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