They are on their first loan with the microfinance institution Soro Yiriwaso, in the hopes of being able to meet their customers’ demand.
Mrs. Adiaratou is in the business of selling condiments in this group of women. She is standing in the middle.
She plans to buy, with her loan, 10 cases of Maggie cubes, a sack of onions, and a case of tomato concentrate. She makes her sales from home, to women, at retail, for cash and on credit.
She foresees making an average monthly profit of 22,500 FCFA, a part of which will be used to pay back the loan and interest, and the other part will go into savings.
Elles sont à leur premier prêt avec l’institution de microfinance Soro Yiriwaso, dans le souci de satisfaire le besoin de leur clientèle.
Mme ADIARATOU fait le commerce de condiments dans ce groupe de femmes. Elle est debout au milieu.
Elle compte acheter avec mon prêt 10 cartons de cube maggie, 1 sac d’oignon et 1 carton boite de concentrée de tomate. Elle fait ses ventes à domicile et au marché à une clientèle composée de femmes, en détail au comptant et à crédit.
Elle envisage réaliser un bénéfice mensuel moyen de 22.500 FCFA dont une partie est utilisée pour payer le prêt et l’intérêt l’autre servira de dépôt d’ 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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