This is their third collaboration with the microfinance institution Soro Yiriwaso to meet the needs of their customers. Both previous loans have been repaid in full.
Djeneba D., a member of the group, intends to use her loan to buy 150 kg of rice and some condiments for her restaurant activity. She buys her supplies at the N'TDJILLA market. She prepares and serves food at the weekly fair of N'TDJILLA to a clientele composed of both men and women, usually for cash.
She expects to earn an average monthly profit of 90,000 FCFA to be used for the daily expenses of the family.
Elles sont à leur troisième collaboration avec l’institution de microfinance Soro Yiriwaso afin de satisfaire le besoin de leur clientèle, les deux prêts passés ont été remboursé dans de bonne condition.
DJENEBA D., qui est un membre de ce groupe, compte acheter avec son prêt, 150kg de riz et des condiments pour faire de la restauration. Elle s’approvisionne au marché de N’TDJILLA. Elle fait la restauration à N’TDJILLA les jours de foire hebdomadaire à une clientèle composée d’hommes et de femmes généralement au comptant.
Elle envisage réaliser un bénéfice mensuel moyen de 90.000FCFA qui sera utilisé pour les dépenses quotidiennes de la famille .
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