They have been merchants of various articles for many years. With the hope of meeting the demands of their growing clientele they have come together as a group this year to request a loan from Soro Yiriwaso. This is their first loan together.
Mariam Solo T. plans on investing her loan to purchase 1 ton of millet from the neighboring villages. She sells her products in the market in Tominian.
She expects to earn a monthly income of 19500 FCFA. It will allow her to repay her loan and to reinvest back into her business.
Elles font le commerce d’articles divers depuis plusieurs années.
Dans le souci de satisfaire le besoin croissant de leur clientèle, le groupe a décidé d’intégrer le programme crédit de Soro Yiriwaso cette année. Il est à son premier prêt solidaire.
MARIAM SOLO T. compte utiliser son prêt pour acheter, 1 tonne de petit mil, dans les villages environnants et effectue ses ventes au marché de TOMINIAN.
Elle espère sur un bénéfice de 19500FCFA somme qui lui permettra de rembourser le prêt et de réinvestir dans son activité.
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