With the goal of increasing their business capital, the group members joined the microfinance institution Soro Yiriwaso and are now on their first solidarity loan.
Chata, who is the woman seated in the photo, is the group's president. She buys and sells grains and condiments.
She intends to use her loan to buy 2 packets of different kinds of condiments and 2 sacks of grain from retailers of the Kolondièba market. The sales are made in cash or on credit to a customer base composed of men and women.
With this loan, Ms. Chata hopes to make an average monthly profit 21,000 francs CFA that will be used for reinvesting in her business and meeting certain household needs.
Dans le but d’augmenter leurs fonds de commerce, les membres du groupe ont intégré Soro Yiriwaso et sont à leur 1er prêt solidaire.
Chata, qui est la femme assise, est la présidente du groupe, elle fait l’achat vente de céréales et des condiments alimentaires.
Elle compte utiliser son prêt pour acheter, 2 colis de différentes sortes de condiments alimentaires et 2 sacs de céréales auprès des revendeurs du marché de Kolondièba. La vente se fait au comptant et à crédit à une clientèle composée d’hommes et de femmes. Avec ce prêt, Madame Chata espère réaliser un bénéfice mensuel moyen de 21.000 FCFA qui sera utilisé pour être réinvesti dans l’activité et prendre en charge certains besoins du foyer.
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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