The group members run small businesses selling pagnes (brightly-printed cloth) of the "wax" type, shoes, charcoal, and firewood.
With the goal of increasing their business, the group members joined Soro Yiriwaso and are on their 11th solidarity (group) loan cycle.
Ms. Astan (standing second from the right in the photo) is the group's seller of pagnes wax. She intends to use her loan to buy 7 sets of pagnes wax. She gets her supplies from wholesalers and sells her goods at retail, in cash and on credit, at home and at the market, to a clientele composed essentially of women.
With this loan, Ms. Astan intends to realize an average monthly profit of 42,000 FCFA, which will be used to reinvest in her business and to help her husband with certain household expenses.
Les membres du groupe font le petit commerce de pagnes wax, de chaussures, de charbon de bois et du bois de chauffe.
Dans le but d’augmenter leurs fonds de commerce, les membres du groupe ont intégré Soro Yiriwaso et sont à leur 11ème cycle de prêt solidaire.
Madame Astan (debout 2ème à droite sur la photo) est la vendeuse de pagnes wax du groupe. Elle compte utiliser son prêt pour acheter, 7 pièces de pagnes wax. Elle s’approvisionne auprès des grossistes et effectue ses ventes en détail, au comptant et à crédit, à domicile et au marché, à une clientèle composée essentiellement de femmes.
Madame Astan compte réaliser avec ce prêt un bénéfice mensuel moyen de 42.000 FCFA qui sera utilisé, pour être réinvesti dans l’activité et aider son mari dans certaines dépenses familiales.
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