They are on their eighth loan with the microfinance institution, Soro Yiriwaso, in order to meet the needs of their customers.
This group of women has a shoe dealing business through Mrs. Aoua, pictured standing in the center. With her loan, she plans to buy 70 pairs of plastic shoes. She buys her products from a large market in Sikasso. She resells the shoes at markets in Sikasso and to family, to a clientele of both men and women.
She hopes to gain an average monthly profit of 15,000 FCFA to use to for daily family expenses. She hopes to increase her business to better satisfy her customers.
Elles sont à leur huitième collaboration avec l’institution de microfinance Soro Yiriwaso afin de satisfaire le besoin de leur clientèle. Ce groupe de femmes fait le commerce de chaussures à travers Madame AOUA, debout au milieu.
Elle compte acheter avec son prêt, 70 paires de chaussures en plastique.
Elle s’approvisionne au grand marché de Sikasso.
Les chaussures sont revendus aux marchés de SIKASSO et en famille à une clientèle composée d’hommes et de femmes au comptant.
Elle envisage réaliser un bénéfice mensuel moyen de 15 000 FCFA utilisée pour les dépenses quotidiennes de la famille.
Elle ambitionne d’augmenter son chiffre d’affaire pour mieux satisfaire sa clientèle.
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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