This is their third loan with the Soro Yiriwaso microfinance institution and is requested in order to help them meet the needs of their customers.
AMINTA trades soap. In the MOUGNOU group of women she is standing on the far right of the photo.
She plans to use the loan to buy 10 boxes of soap from wholesalers that she can sell retail at the market and from her home for cash to a customer base consisting mostly of women.
She expects to make an average monthly profit of 12,500 FCFA, a portion of which will be used to pay back the loan with interest, while the rest will be put into savings.
Elles sont à leur troisième prêt avec l’institution de microfinance Soro Yiriwaso afin de satisfaire le besoin de leur clientèle.
AMINTA fait le commerce de savon dans ce groupe de femmes de MOUGNOU elle se tient à l’extrême droite sur la photo.
Elle compte acheter avec son prêt 10 cartons de savon auprès des grossistes qu’elle revend en détail, au marché et en famille à une clientèle composée pour la majeur partie de femmes, au comptant.
Elle envisage réaliser un bénéfice mensuel moyen de 12 500 FCFA dont une partie est utilisée pour payer le prêt et son intérêt et l’autre pour son épargne .
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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