The women know one another through ties of community, friendship, and commerce. To bolster their financial capacity, so as to do better business, they joined the microfinance institution Soro Yiriwaso and are now on their 11th loan. The 10 previous ones were properly repaid.
This group of women works in food service and sells fish, as is the case with MAMOU, who is second from the left in the photo. She intends to use her loan to purchase 70 kg of fish from fisherfolk in town. Accepting cash or credit, she makes her sales to a customer base composed of essentially women at her house.
She envisions making an average monthly profit of 50,000 francs CFA that will be used to reinvest in her business and to pay back 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 onzième prêt. Les dix précédents prêts ont été correctement remboursés.
Ce groupe de femmes fait de la restauration, et de la vente de poissons à l’image de MAMOU deuxième de la gauche vers la droite. Elle compte acheter avec son prêt 70 kilos de poissons avec les pécheurs de la ville. Elle effectue ses ventes 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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