The group members work as vendors selling incense, firewood, ginger, and traditional colorful fabric: wax and [damask-type] bazins. With the goal of increasing their working capital, the group members have joined Soro Yiriwaso and are now on their 10th solidarity cycle.
Mrs. Aminata (the second one standing on the left in the photo) is a group member selling traditional fabrics. She plans to use her loan to buy four sets of wax fabric and two sets of bazins. She busy from wholesalers and sells retail, for cash and on credit, out of her home and at the market, to a customer base composed of both men and women.With this loan, Mrs. Aminata plans to achieve an average monthly revenue of 47,500 West African francs, which will be used to reinvest in her business and help her husband with some family expenses.
Les membres du groupe font le petit commerce, d’encens, de bois, gingembre et de pagnes wax et bazins.
Dans le but d’augmenter leurs fonds de commerce, les membres du groupe ont intégrés Soro Yiriwaso et sont à leur 10ème cycle de prêt solidaire.
Madame AMINATA (2 eme debout à gauche sur la photo) est la vendeuse de wax et bazins du groupe. Elle compte utiliser son prêt pour acheter, 4 pièces de pagnes wax et 2 pièces de pagnes bazins.
Elle s’approvisionne auprès des grossistes et effectue ses ventes en détail, au comptant et à crédit, à domicile et au marché, à une clientèle composée d’hommes et de femmes.
Madame AMINATA compte réaliser avec ce prêt un bénéfice mensuel moyen de 47.500 FCFA qui sera utilisé, pour être réinvesti dans l’activité et aider son mari dans certaines dépenses familiales.
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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