They do catering, sell fruits and vegetables, clothing, rice, jewelry and condiments.
With the goal of increasing their business, the members of the group worked with Soro Yiriwaso and are on their third group loan cycle.
Fati, second from the left, plans to use her loan to buy 8 baskets of oranges and 5 bunches of bananas. She gets her supplies locally in Sikasso, from the wholesalers and sells to a clientèle consisting of men and women, at the market, as an intinerant saleswoman and from her home. With this loan Fati plans to achieve an average monthly profit of 20,000 FCFA which will be used to be reinvested in the business and to take care of certain needs of the home.
Elles font de la restauration, de la vente de fruits et légumes, des habits, du riz, des parures et de condiments.
Dans le but d’augmenter leurs fonds de commerce, les membres du groupe ont intégré Soro Yiriwaso et sont à leur 3ème cycle de prêt solidaire.
Madame FATI, en deuxième position à partir de la gauche, compte utiliser son prêt pour acheter 8 paniers d’oranges et 5 régimes de bananes. Elle s’approvisionne sur place à Sikasso, auprès des grossistes et effectue ses ventes, à une clientèle composée d’hommes et de femmes, au marché, en ambulant et à la maison. Madame FATI 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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