The members of the group do small business in brooms, shoes, shea butter, and pagnes (colorful wax cloth).
With the goal of increasing their working capital, the members of the group joined Soro Yiriwaso and are in their fifth group loan cycle. Madame Fanta (first woman standing at the right of the photo) is the broom seller in the group. She counts on using the loan to buy six packages of brooms.
She stocks up from peasant manufacturers and sells retail, for cash, at home and at the market, to a clientele mostly made up of women.
With this loan, Madame Fanta counts on making a monthly profit of 23,000 francs CFA, which will be used for reinvestment in her business and helping her husband with certain family expenses.
Les membres du groupe font le petit commerce, de balaies, chaussures, de beurre de karité et de pagnes wax.
Dans le but d’augmenter leurs fonds de commerce, les membres du groupe ont intégrés Soro Yiriwaso et sont à leur 5ème cycle de prêt solidaire.
Madame Fanta ( première femme debout à droite sur la photo) est la vendeuse de balaies du groupe. Elle compte utiliser son prêt pour acheter, 6 emballages de balaies.
Elle s’approvisionne auprès des paysans confectionneurs et effectue ses ventes en détail, au comptant, à domicile et au marché, à une clientèle composée essentiellement de femmes.
Madame Fanta compte réaliser avec ce prêt un bénéfice mensuel moyen de 23.000 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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