This group of women sells various articles such as fruits and vegetables, oil, firewood, cosmetic products, etc. In order to grow their businesses, the members decided to join the Soro Yiriwaso loan program. This is their seventh group loan.
Maimouna, crouching at the right of the photo next to her plate of oranges, plans on using her loan to buy fruits (oranges and bananas) in order to satisfy her clientele. She buys her supplies in the orchards and gardens around Koutiala. She sells them for credit out of her home and in the market to a diverse clientele.
While each of the other members of the Ben group would like to earn an average monthly profit of 90,000 FCFA during this loan cycle, Madame Maimouna would like to earn 110,000 FCFA.
In addition to the loan reimbursement, they would like to use a part of their revenue to pay for personal expenses and grow their business.
Ce groupe de femmes fait le commerce d’articles divers tels que, Fruits et Légumes, huile, Bois de chauffe, Produits Cosmétiques, divers, etc. Pour augmenter la taille de leurs activités, les membres ont décidé d’intégrer le programme crédit de Soro Yiriwaso. Elles sont à leur septième prêt de groupe.
Maimouna, accroupie à droite sur la photo à côté de sa tasse d’orange, compte utiliser son prêt pour acheter des fruits (orange et bananes) pour satisfaire sa clientèle. Elle se procure de ces produits dans les vergers et jardin autour de Koutiala. Elle les vend au comptant à la maison et au marché à une clientèle diverse.
Tandis que les autres membres du groupe Ben comptent réaliser un bénéfice moyen de 90 000CFA chacune au cours de ce cycle Mme Maimouna compte réaliser 110 000FCFA.
En plus du remboursement des prêts, elles utilisent une partie du revenu pour faire face aux dépenses personnelles et augmenter son fonds de commerce.
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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