With the goal of increasing their business capital, they group members decided to collaborate with the microfinance institution Soro Yiriwaso and are now on their third solidarity loan cycle.
Ms. Mariam (seated in the photo) has a great reputation in the selling of children's clothing. She intends to use her loan to purchase 40 children's outfits at the big market of Ségou. Sales are made, cash or credit, at home and at the Médine market to a customer base composed mostly of women.
With this loan, Ms. Mariam plans on making an average monthly profit of 37,000 francs CFA that will be used for reinvesting in her business and caring for the children at home.
Dans le but d’augmenter leurs fonds de commerce, les membres du groupe ont décidé de collaborer avec Soro Yiriwaso et sont à leur 3ème cycle de prêt solidaire.
Madame Mariam (femme assise sur la photo) a une grande réputation dans la vente d’habits pour enfants. Elle compte utiliser son prêt pour acheter 40 complets d’habits pour enfants au grand marché de Ségou. La revente se fait au comptant, à crédit à domicile et au marché Médine à une clientèle composée majoritairement de femmes. Madame Mariam compte réaliser un bénéfice mensuel moyen de 37 000 FCFA avec ce prêt, qui sera utilisé, pour être réinvesti dans l’activité et assurer l’entretien des enfants du foyer.
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