The members of the group joined Soro Yiriwaso to expand their businesses. This is their sixth group loan, and they have correctly repaid their previous loans without difficulty.
Mamou (the first woman standing from right to left in the photo) is a successful seasoning seller in the Kayantona neighborhood and the surrounding area.
She plans to use her loan to buy five bags of fresh onions, three boxes of Maggi bouillon cubes, two 25-kg bags of salt, 15 kg of pepper and a large quantity of other seasonings at San market. She makes her sales from home in her neighborhood on a cash, retail and occasionally credit basis, selling her products to customers who are primarily women.
With this loan Mamou hopes to make an average monthly profit of 19,500 francs CFA, which she plans to reinvest in her business and also use to meet her household expenses.
Dans le but d’augmenter leurs fonds de commerce, les membres du groupe ont intégré Soro Yiriwaso et sont à leur 6 eme prêt solidaire. Les prêts précédents ont été remboursés sans aucune difficulté.
Madame, MAMOU (1ere femme debout de droite vers la gauche sur la photo) est une grande vendeuse de condiments dans le quartier kayantona de et ses alentours.
Elle compte utiliser son prêt pour acheter, 5 sacs d’oignons frais 3 cartons de cube maggi 2 sacs de sel de 25 kg chacun 15 kg de poivre et une grande quantité d’autres condiments alimentaires à la foire de San., elle vend a domicile dans son quartier au comptant, en détail et quelque fois à crédit à une clientèle composée essentiellement de femmes.
Avec ce prêt, Madame MAMOU espère réaliser un bénéfice mensuel moyen de 19500 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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