In order to increase their working capital, the members of this group joined Soro Yiriwaso and are on their first solidarity group loan cycle.
Madame Kadiatou (the woman seated in the middle in the photo) is a well-established sugar seller in Zenguela village. She plans to use her loan to buy 2 sacks of sugar wholesale in the large market in Ségou. She resells on a cash basis and also awards credit to her diverse clientele. With this loan, Madame Kadidiatou hopes to make a monthly profit of on average 25,000 CFA Francs, which will be reinvested in her business and savings.
Dans le but d’augmenter leurs fonds de commerce, les membres du groupe ont intègrent Soro Yiriwaso et sont à leur 1er cycle de prêt solidaire.
Madame, Kadiatou (femme assise au milieu sur la photo) est une grande vendeuse de sucre dans le village de Zenguela. Elle compte utiliser son prêt pour acheter 2 sacs de sucre dans le grand marché de Ségou en gros. La revente se fait au comptant et à crédit à une clientèle mixte. Avec ce prêt, Madame Kadiatou espère réaliser un bénéfice mensuel moyen de 25 000 FCFA qui sera utilisé pour être réinvesti dans l’activité et épargner.
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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