With a view to increasing their capital, the group members joined Soro Yiriwaso and are on their seventh successive group loan. Sanata (the lady seated second from the left in the photo) is a significant fresh milk seller in all its forms (fresh milk, curds, cream, butter and yoghurt), in and around the village of Douga Wêrê. She intends to use her loan to by 500 litres of fresh milk from the local farmers.
She sells the products, for both cash and credit, locally and in the neighbouring villages to a customer base of men, women and children. With this loan, Sanata hopes to generate an average monthly profit of 35,000 FCFA which will be used to re-invest in the business, and to cover the household's daily living expenses. Sanata intends to grow the size of her business in this partnership with Soro Yiriwaso.
Madame Sanata (2ème femme de la gauche vers la droite) est une grande vendeuse lait frais de toutes sortes (lait frais, caillé, crème, beurre et yaourt) dans le village de Douga Wêrê et ses environnants. Elle compte utiliser son prêt pour acheter 500 litres de lait frais avec les éleveurs du village et ses environnants. La revente se fait au comptant et à crédit à domicile et dans les villages environnants à une clientèle composée de femmes, d’enfants et d’hommes. Madame Sanata espère réaliser avec ce prêt un bénéfice mensuel moyen de 35.000FCFA qui sera utilisé pour être réinvesti dans l’activité et prendre en charge les besoins du foyer au quotidien. Tout comme les autres femmes du groupe, Madame Sanata a pour objectif d’augmenter le volume de son activité dans ce partenariat avec Soro Yiriwaso.
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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Success!! The loan was 100% repaid