They know each other as neighbors, friends, and through business. In order to strengthen their buying power and to better conduct their businesses, they joined the microfinance institution Soro Yiriwaso, with whom they are on their fourth loan. The previous loans have been fully repaid. This group of women is in the business of selling condiments, clothing, and cereals.
MARIAM, the leader of the group, is the first woman from the right. She buys and sells condiments and with her loan she plans to buy two cases of Maggi cubes and 400 kg of onions from the wholesalers in Sikasso. She makes her sales at the market and from home, at retail, for cash and on credit, to a clientele composed mainly of women.
She foresees making an average monthly profit of 50,000FCFA which will be reinvested 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 quatrième prêt. Les précédents prêts ont été correctement remboursés. Ce groupe de femmes fait le commerce de condiments, d’habits et de céréales.
MARIAM qui est la présidente du groupe est la première femme de la droite vers la gauche. Elle fait l’achat vente de condiments et compte acheter avec son prêt, 2 cartons de cube Maggi et 400Kg d’oignons avec les grossistes de Sikasso. 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 50.000FCFA 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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