They are on their twelfth loan with the Soro Yiriwaso micro-finance institution, seeking to meet the needs of their customers.
Mrs. Bintou, wearing a light-blue scarf and standing first on the left, trades in potatoes.
She intends to use her loan to buy about 400 kg of potatoes, and resell them retail at the Medina market in Sikasso, in a fixed emplacement and also from her home, for cash to both men and women customers..
She expects to make average monthly profits of 35,000 FCFA, part of which will be used to repay the loan and its interests, with the remainder put into savings.
Elles sont à leur douzième prêt avec l’institution de microfinance Soro Yiriwaso afin de satisfaire le besoin de leurs clientèles.
Madame BINTOU en écharpe bleu claire et en première position à partir de la gauche fait le commerce de pomme de terre.
Elle compte acheter avec son prêt environ 400 Kg de pomme de terre qu’elle revendra en détail au marché de Médine à Sikasso à une place fixe et en famille à une clientèle composée d’hommes et de femmes au comptant.
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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Success!! The loan was 100% repaid