This is the group’s tenth loan with the Soro Yiriwaso microfinance institution that they'll use to satisfy the needs of their customers.
DIARA, seated, with her hand in the basket, has been selling condiments in the GNEMOGOGNOUMA women’s group for 2 years. She benefits from a lot of notoriety in this domain.
With this loan, she plans on buying: 2 baskets of fresh tomatoes, 3 boxes of tomato puree, one 25kg bag of rock salt, and 3 bags of pepper.
She buys her supplies in the grand market of Sikasso on market days, and resells her products in the market and out of her home. She sells her products for cash by the unit and at retail to a clientele of men and women.
She plans on earning an average monthly profit of 22,500 FCFA - some of which will be used to pay her loan and its interest, and the rest of which will be used for savings.
Elles sont à leur dixième prêt avec l’institution de microfinance Soro Yiriwaso afin de satisfaire le besoin de leur clientèle.
DIARA, assise la main dans le panier, vend les condiments dans ce groupe de femmes GNEMOGOGNOUMA. Il ya environ 2 ans et jouis d’une grande notoriété à la matière.
Elle compte acheter avec son prêt: 2 paniers de tomates fraiches; 3 boîtes de tomates concentrés,1sac de 25kg de sel gemme et 3 paquets poivres. Elle s’approvisionne au grand marché de Sikasso ville les jour de foire.
Elle les revend au dans le même marché et en famille à une, en détail à une clientèle composée d’hommes et de femmes, au comptant.
Elle envisage réaliser un bénéfice mensuel moyen de 22.500FCFA dont une partie est utilisée pour payer le prêt et son interêt 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