In order to increase their business, the members of the group have joined the microfinance institution Soro Yiriwaso. This is their second solidarity loan.
Aissa (first from the right in the photo) is a successful grain seller. Her goods are in great demand in her village. She plans to use her loan to buy 300 kilos of pearl millet, 200 kilos of maize, and 275 kilos of beans. She buys her merchandise at the small markets of Dah and Cinzara. She sells retail, for cash and on credit, to a customer base which essentially consists of women.
With this loan, Aissa is expecting average monthly profits to reach 28,000 CFA francs, which will be reinvested in the business and also used to help her husband provide for the family.
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 2 e prêt solidaire.
Madame, AISSA (1ere femme debout à droite) excelle dans la vente de céréales. Elle est très sollicitée dans son village.
Elle compte utiliser son prêt pour acheter, 300kg de petit mil, 200 kg de maïs et 275 kg de haricot, elle s’approvisionne dans les minis foires de Dah de Cinzara. Elle effectue ses ventes au comptant, en détail et à crédit à une clientèle composée essentiellement de femmes.
Avec ce prêt, Madame AISSA espère réaliser un bénéfice mensuel moyen de 28000 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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