They know one another through ties of community, friendship, and commerce. To bolster their financial capacity, so as to do better in business, they joined the microfinance institution Soro Yiriwaso and are now on their fifth loan. The four previous loans were correctly repaid. This group of women does business in secondhand clothing and grains.
MARIAM, who is the group's president, is the one standing behind the other group members in the photo. She buys and sell a variety of goods: used clothing, soap, and beads of all kinds, and she intends to use her loan to purchase 2 packets of secondhand clothing from Bamako wholesalers. Accepting cash or credit from a customer base composed essentially of women, she makes her sales retail at the market and at home.
She envisions making an average monthly profit of 25,000 francs CFA that will be invested in her business and used to repay the loan.
Elles se sont connues à travers des liens de voisinage, d’amitié et de commerce. Pour renforcer leur capacité financière afin de mieux faire leur commerce, elles ont adhéré à l’institution de microfinance Soro Yiriwaso avec laquelle elles sont à leur cinquième prêt. Les quatre précédents prêts ont été correctement remboursés. Ce groupe de femmes fait le commerce de friperies et de céréales.
MARIAM, qui est la présidente du groupe est position arrêtée derrière les autres membres du groupe. Elle fait l’achat vente le commerce d’articles divers :friperie, savon, perles de toutes sortes et compte acheter avec son prêt, 2 colis de friperies avec les grossistes de Bamako. Elle effectue ses ventes au marché et à domicile, en détail au comptant et à crédit à une clientèle composée essentiellement de femmes.
Elle envisage réaliser un bénéfice mensuel moyen de 25 000FCFA qui sera investi dans les activités et rembourser le prêt.
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