In order to increase their business, the members of the group have joined Soro Yiriwaso and are on their seventh solidarity loan.
Minata (second from the right in the photo) is planning to use her loan to buy four boxes of calabash, each box containing 70 calabash gourds to be sold in a month. Minata buys her goods at the large market of Bla. She sells for retail and cash at the Yangasso market, and, on ordinary days, from her home. Her customer base mostly consists of women.
With this loan, Minata is expecting average monthly profits to reach 18,000 CFA francs, which will be reinvested in her business and also used to take care of some household needs.
Dans le but d’augmenter leurs fonds de commerce, les membres du groupe ont intégré Soro Yiriwaso et sont à leur 7 e prêt solidaire.
Madame, MINATA (2 eme femme debout de la droite vers la gauche sur la photo) compte utiliser son prêt pour acheter, 4 colis de calebasses en raison de 70 calebasses par colis vente du mois. MINATA s’approvisionne à la grande foire de BLA.. Elle effectue ses ventes au comptant, en détail à une clientèle composée essentiellement de femmes a la foire de YNAGASSO et les jours ordinaires a domicile.
Avec ce prêt, Madame MNATA espère réaliser un bénéfice mensuel moyen de 18000 FCFA qui sera utilisé pour être réinvesti dans l’activité et prendre en charge des 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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Success!! The loan was 100% repaid