In order to increase their business, the members of the group have joined Soro Yiriwaso and are on their third solidarity loan.
Abi (sitting, in the center of the photo) is the group member who sells leafy greens and cucumbers. She is planning to use her loan to buy 4 baskets of greens and 2 baskets of cucumbers per day.
She buys her goods from local farmers and sells retail for cash, from her home and at the market, to a customer base which consists of men and women.
With this loan, Abi is expecting average monthly profits to reach 31,750 CFA francs which will be reinvested in the activity and also used to help her husband pay for some of the family's expenses.
Les membres du groupe font le petit commerce, de l’huile végétale, gingembre, de pagnes wax et de la salade - concombre.
Dans le but d’augmenter leurs fonds de commerce, les membres du groupe ont intégrés Soro Yiriwaso et sont à leur 3ème cycle de prêt solidaire.
Madame Abi (assise au milieu sur la photo) est la vendeuse de salades et du concombre du groupe. Elle compte utiliser son prêt pour acheter, 4paniers de salades + 2 paniers de concombre /jour.
Elle s’approvisionne auprès des paysans producteurs et effectue ses ventes en détail, au comptant à domicile et au marché, à une clientèle mixte.
Madame Abi compte réaliser avec ce prêt un bénéfice mensuel moyen de 31.750 FCFA qui sera utilisé, pour être réinvesti dans l’activité et aider son mari dans certaines dépenses familiales.
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