Mrs. ASSETOU sells pagnes (colorful west-African cloth). She is the one standing third from the right. She will use her loan to buy 15 pagnes from wholesalers to sell at retail, for cash, on location and at the market, to a clientele consisting mainly of women.
She expects to earn an average monthly profit of 25,000FCFA, part of which she will use to repay her loan and interest, and the remainder to be added to her savings.
Elles sont à leur troisième prêt avec l’institution de microfinance Soro Yiriwaso, dans le souci de satisfaire le besoin de leur clientèle.
Mme ASSETOU fait le commerce de pagnes dans ce groupe de femmes. Elle est debout en troisième position à partir de la droite.
Elle compte acheter avec mon prêt 15 pièces de pagnes auprès des grossistes qu’elle revend en détail sur place et au marché à une clientèle composée en majeur partie de femmes au comptant.
Elle envisage réaliser un bénéfice mensuel moyen de 25.000FCFA dont une partie est utilisée pour payer le prêt et son interêt et l’autre qui servira 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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