These women are taking out their first loan from Soro Yiriwaso in order to meet their customers' needs.
Matou's business is selling beans. She is the woman on the far left of the photo.
Matou plans to use her loan to buy two sacks of beans from wholesalers. She will re-sell the produce retail among her family members and also in the market. She sells to a customer base made up mostly of women. She sells for cash.
Matou plans to make an average monthly profit of 15,000 CFA francs. She will use some of the money to repay her loan and interest and will save the rest.
Elles sont à leur premier prêt avec l’institution de microfinance Soro Yiriwaso afin de satisfaire le besoin de leur clientèle.
Matou fait le commerce de haricot dans ce groupe de femmes de SANOUYA elle est à l’extrême gauche sur la photo.
Elle compte acheter avec son prêt, 2 sacs de haricot auprès des grossistes qu’elle revendra en détail en famille et dans le marché à une clientèle composée pour la majeur partie de femmes au comptant.
Elle envisage réaliser un bénéfice mensuel moyen de 15.000 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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