The women are on their tenth loan with the microfinance organization Soro Yiriwaso, in order to better meed the needs of their customers. Siradje is in the soap business with this group of women of Soutoura; she is pictured second from the left in the photo.
Siradje plans on using her loan to purchase 1/2 cask of oil and one 50kg bag of lime in order to make soap. She resells it at retail on site, within the family, and at the market, to a customer base made up mainly of women who pay in cash and once in a while on credit.
Siradje hopes to earn an average monthly profit of 17,500 francs CFA, a portion of which will be used to pay back the loan and interest, and the other portion for savings.
Elles sont à leur dixième prêt avec l’institution de microfinance Soro Yiriwaso afin de satisfaire le besoin de leur clientèle.
Mme SIRADJE fait le commerce de savon dans ce groupe de femmes de SOUTOURA elle se tient en deuxième position à partir de la gauche vers la droite.
Elle compte acheter avec son prêt ½ fut d’huile et 1 sac 50 kg de chaux pour la fabrication de savon. Elle revend en détail sur place, en famille et au marché, à une clientèle composée en majeur partie de femmes, en détail, au comptant et quelques fois à crédit.
Elle envisage réaliser un bénéfice mensuel moyen de 17.500 FCFA dont une partie est utilisée pour payer le prêt et son intérêt et l’autre pour son 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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