They know each other through neighbourhood, familial, and social relations. They sell clothing, firewood, fish, tiéké (a cassava-based food), and beans.
The women of the Kibaroudouman group are on their second solidarity (group) loan, with their first one having been repaid properly.
Batoma D., one of the group members, intends to buy 100 kg of tiéké and 30 kg of fresh fish. She makes her sales every day at the market and at home, in cash and on credit, to a clientele composed of consumers and caterers.
She envisages realizing an average monthly profit of 40,000 FCFA, which will be used to pay the loan costs and to take care of the family expenses, with the remainder being reinvested in her business.
Elles se sont connues à travers des liens de voisinage, de parenté et d’amitiés. Elles font le commerce des habits, du bois de chauffe, de poissons, du tiéké et du haricot.
Les femmes du groupe Kibaroudouman sont à leur deuxième prêt solidaire, le premier ayant été correctement remboursé. BATOMA D. compte acheter, 100 kg de tiéké, 30 kg de poisson frais. Elle effectue quotidiennement ses ventes au marché et à domicile, au comptant et à crédit, à une clientèle composée de consommateurs et de restauratrices.
Elle envisage réaliser un bénéfice moyen mensuel de 40 000F CFA qui sera utilisé pour payer les échéances du prêt, une partie pour prendre en charge les dépenses relatives à la santé et le reste sera réinvesti dans les activités.
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