To increase their working capital, the group members joined the Soro Yiriwaso microfinance institution. This is 15th group loan, and all previous loans were correctly repaid.
Mrs. Marama (first from the right with her hands on the jar) is an important seller of jars. She is in high demand due to the quality of her merchandise.
She plans to use her loan to buy 120 jars (for 1,250 FCFA each). She buys her merchandise from local wholesalers and conducts her sales at retail, for cash or credit, to a clientele consisting of both men and women.
Mrs. Marama hopes that this loan will help her to earn an average monthly profit of 75,000 CFAF, which she will reinvest in her activity and use to cover some of the household expenses.
Dans le but d’augmenter leurs fonds de commerce, les membres du groupe ont intégré Soro Yiriwaso et sont à leur 15 eme prêt solidaire, après avoir correctement remboursés les 14 précédents.
Madame, Marama (la première femme à droite, les mains sur la jarre, sur la photo) est une grande vendeuse de jarres, qui est très sollicitée et appréciée pour la qualité de ses produits.
Elle compte utiliser son prêt pour acheter, 120 jarres (à raison de 1250 FCFA l'unité). Elle s’approvisionne auprès des grossistes de la place et effectue ses ventes, au comptant, en détail et à crédit, à une clientèle composée d’hommes et de femmes.
Avec ce prêt, Madame Marama espère réaliser un bénéfice mensuel moyen de 75.000 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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