The members of the group are seeking their fourth loan from Kiva's partner, the microfinance organization Soro Yiriwaso, in order to meet customer demand. Previous loans were repaid without problems.
Mrs. SATA, standing in the middle in the photograph, is a member of this group. She sells food condiments and intends to use her loan to buy three sacks of onions, five boxes of bouillon cubes, one basket of pepper, two boxes of tomato paste, and one sack of table salt. She will purchase these products in Sikasso.
She resells her products for cash, at a fixed spot at the Grand Market in Sikasso, as well as at her home, to a clientele comprising mostly women.
She intends to turn an average monthly profit of XOF 21.500 (ca US$ 42), to be used in part to repay the loan and its interests, and in part to increase her savings. She ambitions to bolster her revenue to better meet customer demand.
Elles sont à leur quatrième prêt avec l’institution de microfinance Soro Yiriwaso afin de satisfaire le besoin de leur clientèle. Les prêts passés ont été correctement remboursés.
Madame SATA, fait le commerce de condiments dans ce groupe de femmes de BENKADI elle est debout au milieu.
Elle compte acheter avec son prêt, 3 sacs d’oignon, 5 cartons de cube magie, 1 panier de poivre, 2 cartons de concentrée de tomate et 1 sac de sel de cuisine dans la ville de Sikasso. Elle les revend au grand marché de Sikasso à une place fixe et en famille à une clientèle composée pour la majeur partie de femmes, au comptant.
Elle envisage réaliser un bénéfice mensuel moyen de 21.500 FCFA dont une partie est utilisée pour payer le prêt et son intérêt et l’autre pour son épargne.
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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Success!! The loan was 100% repaid