These women met each other through marriage links and business and sell non-alcoholic drinks (known as "sucrerie"), juice and, in the case of Waraba D. who is holding a piece of paper in her hand on the photo, cereals. In order to cope with the issue of getting sufficient supplies to serve more customers, she decided to join the microfinance institution, Soro Yiriwaso, from whom she is taking out her first group loan.
Mrs. D. has been selling cereals for around ten years in the market at Bougouni. With this loan she is planning to buy 600kg of pearl millet and 400kg of beans from suppliers in the villages surrounding Bougouni. The cereals are sold retail for cash to a customer base made up of men and women.
With this loan she is expecting to make a monthly profit of 300,000FCFA, while the other members of the group are expecting to make 22,500FCFA, which will be used for their children's health costs.
Par des relations de mariage et de commerce, ces femmes se sont connues et font le commerce de boissons non alcoolisées appelée sucrerie, de jus et de céréales à l’image de WARABA D. qui a le papier en main dans la photo.
Pour atténuer ses soucis d’approvisionnement afin de servir plus de clients, elle a décidé d’adhérer à l’institution de micro finance Soro Yiriwaso, avec qui elle est à leur premier prêt de groupe.
Madame WARABA D. fait le commerce de céréales depuis une dizaine d’année dans le marché de BOUGOUNI. Avec ce prêt elle compte acheter 600kg de petit mil et 400kg de haricot auprès des fournisseurs des villages environnants de BOUGOUNI. Les céréales seront vendues en détail et au comptant à une clientèle composée d’hommes et de femmes.
Avec ce prêt le elle comptent obtenir un bénéfice mensuel de
30000 FCFA alors que les autres membres du groupe comptent sur un bénéfice mensuel de 22500FCFA qui sera utilisé dans les frais de 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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