They are seeking their first loan from Kiva's partner, the microfinance institution Soro Yiriwaso, in order to meet customer demand. The members of this group buy and sell charcoal and firewood, as does Assan T..
Assan T. intends to use her share of the loan to buy 40 sacks of charcoal. She gets her supplies from wholesalers in MANA and in the surrounding markets. She retails at the market in OUELESSEBOUGOU, in BAMAKO, and at her home, to a clientele comprising mostly women, for cash and on credit.
She foresees turning an average monthly profit of XOF 10'000 (ca US$ 20), to be used in part to help her husband with the daily expenses. The remainder will be reinvested in her business.
Elles sont à leur première collaboration avec l’institution de microfinance Soro Yiriwaso afin de satisfaire le besoin de leur clientèle.
Ce groupe de femmes fait le commerce du charbon de bois, à l’image de Assan T., du bois de chauffe, etc.
Assan T. compte acheter avec son prêt, 40 sacs de charbons de bois. Elle s’approvisionne à MANA et marchés environnants auprès des grossistes. Elle effectue sa vente au marché de Ouelessebougou ,BAMAKO et à domicile à une clientèle composée essentiellement de femmes, en détail, au comptant et à crédit.
Elle envisage réaliser un bénéfice mensuel moyen de 10.000FCFA dont une partie sera utilisée pour l’appui de son mari dans les dépenses quotidiennes et l’autre partie sera investie 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