To increase their working capital, the group's members decided to join Soro Yiriwaso’s loan program; they are on their sixteenth solidarity group loan.
Mrs. Mamou, on the left in the photo, retails shoes. Mamou is very much in demand and appreciated for the quality of her shoes and soaps. She is planning on using her loan to purchase fifty pairs of shoes and five boxes of assorted soaps from local wholesalers. She retails to a clientele of men and women and takes cash or credit.
With this loan, Mrs. Mamou hopes to make an average monthly profit of 60,000 FCFA, which will be used to reinvest in her business and to cover some household expenses.
Dans le but d’augmenter leurs fonds de commerce, les membres du groupe ont décidé d’intégrer le programme crédit de Soro Yiriwaso et sont à leur 16eme prêt solidaire prêt de groupe.
Madame, Mamou, première assise à gauche sur la photo, est une vendeuse de chaussures. Mamou est très sollicitée et appréciée pour la qualité de ses chaussures et savons.
Elle compte utiliser son prêt pour acheter, 50 paires de chaussures et 5 cartons de savons de diverses sortes, auprès des grossistes de la place et effectue ses ventes en détail, au comptant et à crédit à une clientèle composée d’hommes et de femmes.
Avec ce prêt, Madame Mamou espère réaliser un bénéfice mensuel moyen de 60.000 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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Success!! The loan was 100% repaid