Awa, standing second from the left, trades pearls. She is hoping to use her part of the loan to buy pearls at Sikasso to make pearl necklaces. She will then resell the necklaces from home and at the Sikasso grand market. Her customers are mainly women, who pay cash.
Awa expects to make 35 000 CFA francs on average per month, part of which will be used to pay off the loan and interest, and part of which will go towards her savings.
Elles sont à leur cinquième prêt avec l’institution de microfinance Soro Yiriwaso afin de satisfaire le besoin de leur clientèle.
Mme AWA debout en deuxième position à partir de la gauche fait le commerce de perles.
Elle compte investir son prêt en achetant des perles sur place à Sikasso pour fabriquer des colliers en perles qu’elle revend à la maison et au marché à une clientèle composée essentiellement de femmes au comptant.
Elle envisage réaliser un bénéfice mensuel moyen de 35 000 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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