This is their first loan with microfinance institution Soro Yiriwaso, which they are seeking in order to satisfy the needs of their customers.
Kadia Ousmane, standing at the far left in the photo, sells onions. With her loan, she plans to purchase 500kg of different types of onions from wholesalers at the large market in Sikasso and from producers in the neighboring villages. She resells them at retail, for cash and credit in a permanent family stall in the large market in Sikasso, to a group of customers made up mainly of women.
She expects to make a monthly profit of 25,000 CFA francs, part of which will be used to repay the loan and its interest, while the remainder will go into savings.
Elles sont à leur premier prêt avec l’institution de microfinance Soro Yiriwaso afin de satisfaire le besoin de leurs clientèles.
KADIA OUSMANE, debout à l’extrême gauche, fait le commerce d’oignons.
Elle compte acheter avec son prêt, 500 kg d’oignons de différentes sortes au grand marché de la ville de Sikasso auprès des grossistes et dans les villages avoisinants auprès des producteurs. Elle les revend au grand marché de Sikasso à une place fixe et en famille à une clientèle composée essentiellement de femmes, en détail, au comptant et à crédit.
Elle envisage réaliser un bénéfice mensuel moyen de 25.000 FCFA dont une partie est utilisée pour payer le prêt et son intérêt et l’autre pour son épargne.
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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