To increase their working capital, the group members joined the Soro Yiriwaso microfinance institution. This is their first group loan.
Mrs. Djeneba (sitting first from the right) plans to use her loan to buy 300 liters of fresh milk from the farmers’ co-ops of San. She boils the milk and sells it at retail for cash or credit to a clientele consisting of both men and women.
Mrs. Djeneba hopes that this loan will help her to earn an average monthly profit of 60,000 CFAF, which she will reinvest in her activity and use to cover the household expenses.
Dans le but d’augmenter leurs fonds de commerce, les membres du groupe ont intégré Soro Yiriwaso et sont à leur 1er prêt solidaire.
Madame, Djeneba (1ère assise à droite sur la photo) compte utiliser son prêt pour acheter, 300 litres de lait frais auprès des coopératives de éleveurs de San. Après avoir bouillie le lait, elle vend au comptant, en détail et à crédit à une clientèle composée d’hommes et de femmes.
Avec ce prêt, Madame Djeneba espère réaliser un bénéfice mensuel moyen de 60.000 FCFA qui sera utilisé pour être réinvesti dans l’activité et prendre en charge des 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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