The women live in traditional extended families in Ouelessebougou, in Kati Prefecture (Region of Koulikoro, Republic of Mali). The group members has been in small-scale businesses for several years and are in high demand in their businesses.
Concerned about satisfying the growing need of their customers, the group members decided to join the loan program of the microfinance institution Soro Yiriwaso two years ago. They are now on their third solidarity loan.
Ami, who is the group's president, is well-known in Ouelessebougou. She excels in the buying and selling of vegetables. She intends to use her loan to buy 20 baskets of vegetables of different kinds (peppers, tomatoes, onions, cabbages). She gets her supplies in Bamako from wholesalers and sells her goods in Ouelessebougou and at different weekly fairs at the retail level, cash or credit accepted. Her customer base is composed essentially of women.
She is hoping for a monthly profit of 45,000 francs CFA, which will enable her to pay back the loan and to reinvest in her business.
Dans le souci de satisfaire le besoin croissant de leur clientèle, les membres du groupe ont décidé d’intégrer le programme crédit de Soro Yiriwaso il y a deux ans. Elles sont à leur troisième prêt solidaire.
AMI, qui est la présidente du groupe et très connue à Ouelessebougou, excelle dans l’achat vente de légumes. Elle compte utiliser son prêt pour acheter, 20 paniers de légumes de différentes sortes (poivre, tomate, oignon, choux). Elle s’approvisionne à Bamako auprès des grossistes et vend ses articles à Ouelessebougou et dans les différentes foires hebdomadaires, en détail, au comptant et à crédit, à une clientèle composée essentiellement de femmes.
Elle espère sur un bénéfice mensuel de 45.000FCFA somme qui lui permettra de rembourser le prêt et de réinvestir dans son activité.
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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