The women are involved in various businesses, such as selling second-hand clothing, like Awa who is pictured sitting third from the left. The women live in large traditional families in Tiele in the Kati prefecture (in the Koulikoro region in the Republic of Mali).
They have all been running small businesses for several years and are highly sought-after for the second-hand clothing they sell, which includes traditional wax cloth pagnes.
In order to satisfy growing customer demand, the members of the group decided to join the Soro Yiriwaso microfinance programme four years ago. This is their sixth solidarity loan.
Awa intends to use her loan to buy one bale of second-hand clothing. She buys her supplies in Bamako and locally from wholesalers, and sells her products to individuals in Tiele, both for cash and on credit, to a customer base that includes both men and women.
Awa hopes to make 20,000 CFA francs a month, which will enable her to repay the loan and reinvest in her clothing business.
Elles sont dans le petit commerce depuis plusieurs années et sont très sollicitées dans leurs activités d’achat vente de friperie, d’’habillements : pagnes et wax.
Dans le souci de satisfaire le besoin croissant de leurs clientèles, les membres du groupe ont décidé d’intégrer le programme crédit de Soro Yiriwaso, il y a quatre ans. Elles sont à leur sixième prêt solidaire.
AWA, compte utiliser son prêt pour acheter, un balle de friperie. Elle s’approvisionne à Bamako et sur place auprès des grossistes et vend ses habits à TIELE en détail, au comptant et à crédit, à une clientèle composée d’hommes et de femmes.
Elle espère sur un bénéfice mensuel de 20.000FCFA somme qui lui
permettra de rembourser le prêt et réinvestir le reste dans son activité d’achat vente d’habillements.
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