They are on their third loan from the microfinance institution, Soro Yiriwaso, with the objective of satisfying their customers' needs; the previous two loans were repaid without any difficulties.
Aminata trades in condiments in the Jumelle group and she is third from the left on the photo, wearing a red shirt.
With her loan she is planning to buy three cartons of Maggi stock cubes, 25kg of rock salt, 50kg of onions, two baskets of fresh cabbge, five baskets of fresh tomatoes and ten tins of tomato concentrate at Sikasso's grand market and in the neighboring villages. She sells her goods at the market in the Médine district, on a retail basis, for cash and often on credit to a customer base made up principally of women.
She is expecting to make an average monthly profit of 35,000 FCFA, of which part will be used to pay off her loan and the interest and the rest saved.
Elles sont à leur troisième prêt avec l’institution de microfinance Soro Yiriwaso afin de satisfaire le besoin de leurs clientèles et tous les deux prêts passés ont été remboursés sans aucune difficulté.
Madame AMINATA, fait le commerce de condiments alimentaires dans ce groupe de femmes JUMELLE, elle est la troisième à gauche, en chemise rouge.
Elle compte acheter avec son prêt, 3 cartons de cube magie, 25 kg de sel gemme, 50 kg d’oignons, 2 paniers de choux frais, 5 paniers de tomates fraiches, 10 boîtes de concentrées de tomates au grand marché de la ville de Sikasso et dans les villages avoisinants. Elle effectue sa vente au marché du quartier de Médine, en détail, au comptant et souvent à crédit à une clientèle essentiellement composée de femmes.
Elle envisage réaliser un bénéfice mensuel moyen de 35 000 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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