They are on their 11th loan with the microfinance institution Soro Yiriwaso, in the hopes of meeting the demands of their customers.
Mrs. Fatoumata is in the business of selling clothing in this group of women. She is second from the left.
She plans to buy, with this loan, ten Wax pagnes (lengths of brightly colored cloth used for clothing) to sell at retail from home and at the market to a clientele of women, for cash.
She foresees earning an average monthly profit of 30,000 FCFA, a part of which will be used to pay the loan and interest, and the other part will go to savings.
Her goal is to increase her turnover and to be better able to meet her customers’ demand.
Elles sont à leur 11ème prêt avec l’institution de microfinance Soro Yiriwaso, dans le souci de satisfaire le besoin de leur clientèle.
Mme FATOUMATA, fait le commerce d’habits dans ce groupe de femmes. Elle se tient en deuxième position à partir de la gauche vers la droite.
Elle compte acheter avec ce prêt, 10 pièces de pagne wax et revend en détail sur place et au marché à une clientèle composée de femmes, au comptant.
Elle envisage réaliser un bénéfice mensuel moyen de 30 000 FCFA dont une partie sera utilisée pour payer le prêt et son intérêt et l’autre pour mon épargne.
Elle ambitionne augmenter son chiffre d’affaire pour mieux satisfaire sa clientèle.
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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