In order to boost their businesses, the members of the group have joined Soro Yiriwaso, and this is their second solidarity loan.
Aya (first from the right in the front row) is planning to use her loan to buy 10 pieces of "Fancy print" pagnes (African printed wax cloth) from shopkeepers in the town of San. She sells for cash or on credit to a retail group of customers consisting of men and women. She sells her goods in Cinzara and other markets.
Aya is expecting average monthly profits to reach 40,000 CFA francs. She will use her profits to reinvest in her activity and to meet the needs of her family.
Dans le but d’augmenter leurs fonds de commerce, les membres du groupe ont intégré Soro Yiriwaso et sont à leur 2ème prêt solidaire.
Madame Aya (1ère assise de la droite vers la gauche) compte utiliser son prêt pour acheter 10 pièces de pagnes fancy auprès des boutiquiers de San. Elle vend au comptant, en détail et à crédit à une clientèle composée d’hommes et de femmes à Cinzara et dans d’autres foires.
Avec ce prêt, Madame Aya espère réaliser un bénéfice mensuel moyen de 40.000 FCFA qui sera utilisé pour être réinvesti dans l’activité et prendre en charge des 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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