The women know each other because they are related. They work buying and selling fish, fruits and vegetables. The women of the Djiguiya Group have paid back their previous loans without incident. This is their second group loan.
Chata is the first woman seated on the left in the photo. She plans to use this loan to buy five baskets of bananas, two baskets of tomatoes, some cabbages and two sacks of oranges. She buys her supplies in Bla and the surrounding villages. She sells to both men and women, in cash and also often on credit. She expects to make an average monthly profit of 13,000 francs CFA, which will be used for health, food, clothing and school expenses. She will reinvest the rest in her business.
Ces femmes se sont connues à travers des liens de parenté et font les activités d’achat et de vente de, poissons, des fruits et légumes.
Après avoir correctement remboursés les prêts précédents, les femmes du groupe DJIGUIYA sont à leur 2 eme prêt solidaire. CHATA 1ère femme assise à la gauche sur la photo compte utiliser son prêt pour acheter cinq paniers de bananes, deux paniers de tomates, des choux deux sacs d’oranges. Elle s’approvisionne à BLA et les villages environnants. Elle effectue ses ventes, à une clientèle composée de femmes et d’hommes en espèce et souvent à crédit.
Elle envisage réaliser un bénéfice moyen mensuel de 13 000FCFA qui sera utilisé dans les dépenses relatives à la santé, à la nourriture, et l’habillement, aux frais scolaires et le reste sera réinvesti dans les activités.
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