This is the sixth collaboration with microfinance institution Soro Yiriwaso that the group has used to satisfy their customers.
This group of women sells cups through Maimouna as well as fabric and various goods. Maimouna, the one holding a child in the photo, would like to use her loan to buy 10 dozen glasses. She buys her products from wholesalers and then sells at home and at the market, to male and female customers, and for cash and credit.
She would like to reach an average monthly profit of 30,000 FCFA - part of which will be used to help her husband with daily expenses, and part of which will be reinvested in her business.
Elles sont à leur sixième collaboration avec l’institution de microfinance Soro Yiriwaso afin de satisfaire le besoin de leur clientèle. Ce groupe de femmes fait le commerce de tasses à travers MAIMOUNA , de la vente de tissus et des articles divers.
MAIMOUNA , avec un enfant sous le bras sur la photo, compte acheter avec son prêt, 10 douzaines de tasses. Elle s’approvisionne auprès des commerçants grossistes. Elle effectue sa vente à domicile et au marché à une clientèle composée de femmes et d’hommes, en détail, au comptant et à crédit.
Elle envisage réaliser un bénéfice mensuel moyen de 30.000.FCFA par mois dont une partie sera utilisée pour l’appui de son mari dans les dépenses quotidiennes et l’autre partie sera investie dans les activités.
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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