With the goal of increasing their assets, the group members joined micro-finance institution Soro Yiriwaso and are on their first group loan.
Madame Sanata (standing, second from the left in the photo) is an accomplished seller of condiments. She is very much in demand in the village of Tamaro and the surrounding area.
She plans to use her loan to buy 5 sacks of onions, 1 basket of eggplants, 1 basket of carrots, 1 basket of peppers and 1 basket of cabbage from wholesalers at the San fair. She sells for cash, on a retail basis and on credit to customers who are mostly women.
With this loan, Madame Sanata hopes to make an average monthly profit of 30,000 CFA francs which she will use to re-invest in the business and to help her husband in meeting the household's needs.
Dans le but d’augmenter leurs fonds de commerce, les membres du groupe ont adhéré l’institution de microfinance Soro Yiriwaso et sont à leur 1 er prêt solidaire.
Madame, Sanata (2ème femme debout de la gauche vers la droite sur la photo) excelle dans la vente de condiments. Elle est très sollicitée dans le village de Tamaro et ses environnants.
Elle compte utiliser son prêt pour acheter, 5 sacs d’oignons et 1 panier de d’aubergine, 1 panier de carottes, 1 panier de poivrons et 1 panier de choux à la foire de San auprès des grossistes. Elle effectue ses ventes au comptant, en détail et à crédit à une clientèle composée essentiellement de femmes.
Avec ce prêt, Madame Sanata espère réaliser un bénéfice mensuel moyen de 30.000 FCFA qui sera utilisé pour être réinvesti dans l’activité et aider son conjoint dans la prise 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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Success!! The loan was 100% repaid