In order to increase their business, the members of the group have joined Soro Yiriwaso and are on to their fifth solidarity loan. They have already properly repaid four previous loans.
Nana, the first woman from the right in the photo, is by all accounts a major fish seller. She is very much sought after and appreciated for the quality of her fish. She is planning to use her loan to buy three boxes of smoked fish and one box of dry fish. She gets her merchandise from local wholesale dealers, and she sells retail, for cash and often on credit, to a customer base made up of men and women.
With her loan, Nana is expecting average monthly profits to reach 65,000 CFA francs, which will be reinvested in the activity, and also used to take care of some of her family's needs.
Dans le but d’augmenter leurs fonds de commerce, les membres du groupe ont intégré Soro Yiriwaso et sont à leur 5 eme prêt solidaire, après avoir correctement remboursés les 4 précédents.
Madame, Nana (première de la droite vers la gauche sur la photo) est une grande vendeuse de poissons sous toutes ses formes. Elle est très sollicitée et appréciée pour la qualité de ses poissons.
Elle compte utiliser son prêt pour acheter, 3 cartons de poissons fumés et 1 carton de poisson séché.
Elle s’approvisionne auprès des grossistes de la place et effectue ses ventes, en détail, au comptant et souvent à crédit, à une clientèle composée d’hommes et de femmes.
Avec ce prêt, Madame Nana espère réaliser un bénéfice mensuel moyen de 65.000 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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