The members of the group are seeking their first loan from Kiva's partner, the MFI Soro Yiriwaso, in order to meet customer demand.
Mrs. AOUA, standing in the center in the photograph, is selling yams. She intends to user her loan to buy 400 kg of yams, that she will retail for cash at the Médine market in Sikasso, as well as at her home, to a clientele comprising both men and women.
She foresees turning a monthly profit of XOF 12'000 (ca US$ 24), to be used in part to repay the loan and its interests, and in part to be put away.
Elles sont à leur premier prêt avec l’institution de microfinance Soro Yiriwaso afin de satisfaire le besoin de leur clientèle.
Madame AOUA au milieu en position debout fait le commerce d’ignames.
Elle compte acheter avec son prêt, 400 Kg d’ignames qu’elle revendra en détail au marché de Médine à Sikasso et en famille à une clientèle composée d’hommes et de femmes au comptant.
Elle envisage réaliser un bénéfice mensuel moyen de 12 500 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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