They are on their second loan with the microfinance institution, Soro Yiriwaso, with a view to satisfying their customers' needs.
Within this group of women, Aminata sells oranges; she is on the far left of the photo.
With her loan she is planning to buy 20 sacks of oranges from the peasants who produce them. She resells on a retail basis and for cash at the local market and within her family, to a customer base made up mainly of women.
She expects to make an average monthly profit of 30,000FCFA, of which part will be used to repay her loan and the interest on it, and the rest saved.
Elles sont à leur deuxième prêt avec l’institution de microfinance Soro Yiriwaso afin de satisfaire le besoin de leurs clientèles.
Aminata fait le commerce d’orange dans ce groupe de femmes , elle est à l’extrême gauche sur la photo.
Elle compte acheter avec son prêt 20 sacs d’orange avec les paysans producteurs .Elle revend en détail sur place au marché en famille à une clientèle composée pour la majeur partie de femmes au comptant.
Elle envisage réaliser un bénéfice mensuel moyen de 30 000 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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