They sell clothes, mugs, potatoes, fruits and vegetables, grain cereals and manufacture incense for sale. In order to increase their working capital, the group members joined Soro Yiriwaso and are on their first credit loan cycle.
Mrs. Fatoumata, sitting in the middle, plans to use her loan to purchase two dozen mugs. She buys locally from Sikasso wholesalers and conducts her sales as an itinerant vendor and from home, to both men and women customers.
Mrs. Fatoumata expects this loan will enable her to achieve average monthly profits of 20,000 FCFA, to be reinvested in the business and to take on some of the household needs.
Elles font de la vente des habits, de tasses, de pommes de terre, de fruits et légumes, de la fabrication et vente de l’encens et des céréales.
Dans le but d’augmenter leurs fonds de commerce, les membres du groupe intègrent Soro Yiriwaso et sont à leur 1ere cycle de prêt solidaire.
Madame Fatoumata, assise au milieu, compte utiliser son prêt pour acheter, 2 douzaines de tasses. Elle s’approvisionne sur place à Sikasso, auprès des grossistes et effectue ses ventes en ambulant et à domicile, à une clientèle composée d’hommes et de femmes. Madame Fatoumata compte réaliser avec ce prêt un bénéfice mensuel moyen de 20.000 FCFA qui sera utilisé, pour être réinvesti dans l’activité et prendre en charge certains 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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