They met each other through bonds of neighborhood, friendship, and business. To bolster their financial capacity so as to better run their businesses, they joined the microfinance institution Soro Yiriwaso with whom they are on their second loan. The preceding loan was fully reimbursed. This group of women sells condiments, as does Raboua who is the first woman in the photo from right to left. She intends to use her loan to buy various quantities of condiments from the wholesalers in Bougouni. She makes her sales at the market and out of her home, retail and for cash or credit, to a mixed clientele.
She is planning on making an average monthly profit of 40,000Francs CFA, which will be invested in her activity and used to reimburse 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 2ème prêt. Le précédent prêt a été correctement remboursé. Ce groupe de femmes fait le commerce de condiments à l’image de RABOUA qui est la 1ére femme debout dans la photo de la droite vers la gauche. Elle compte acheter avec son prêt, diverses quantités de condiments avec les grossistes de Bougouni. Elle effectue ses ventes au marché et à domicile, en détail au comptant et à crédit à une clientèle mixte .
Elle envisage réaliser un bénéfice mensuel moyen de 40.000FCFA 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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