Most of them live in polygamous families in Médine, one of the popular neighborhoods of the town of Sikasso in the third administrative region of Mali.
They are on their 13th loan with the microfinance institution Soro Yiriwaso due to the concern of satisfying the needs of their clientele.
Madam Moussokoro sells soaps in this group of women. She is in the first position on the left.
She plans to buy 12 cartons of soaps which she will resell retail on the spot and at the market of Médine.
She envisions making an average monthly profit of 17,500 FCFA of which part is used to pay the loan and its interest and the other for her savings.
Elles sont à leur 13ème prêt avec l’institution de microfinance Soro Yiriwaso dans le souci de satisfaire le besoin de leur clientèle.
Mme MOUSSOKORO fait le commerce de savons dans ce groupe de femmes. Elle se tient en première position à gauche.
Elle compte acheter 12 cartons de savons qu’elle revendra en détail sur place et au marché de Médine.
Elle envisage réaliser un bénéfice mensuel moyen de 17 500 FCFA dont une partie est utilisée pour payer le prêt et son intérêt et l’autre pour son épargne.
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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