Yereta N°2 Group
With the goal of satisfying the needs of their customers, who are more and more numerous and demanding, the members of the group decided to join the Soro Yiriwaso loan program. This is the first group loan.
Chata Solo (the first woman standing in the photo with the red scarf) excels in the selling of soap. She is very sought after in the business. She hopes to use her loan to buy 2 bags of kabakourouni soap (a locally made soap) and 2 bags of Barika Tigui soap. She procures her goods in Koutiala. She makes her sales in cash or credit, retailing to customers who are men and women.
With this loan, Chata Solo hopes to make an average monthly profit of 175,000 francs CFA, which she will use to reinvest in her business and help her husband take care of the household needs.
Dans le but de satisfaire le besoin de leurs clientèles de plus en plus nombreuses et exigeantes, les membres du groupe ont décidé d’intégrer le programme crédit de Soro Yiriwaso et sont à leur 1 er prêt solidaire,
Madame, Chata Solo (1 ère femme debout sur la photo en foulard rouge) excelle dans la vente de savons. Elle est très sollicitée dans son activité.
Elle compte utiliser son prêt pour acheter, 2 sacs de savons (kabakourouni) et 2 sacs de savons (Barika Tigui) et s’approvisionne à Koutiala. Elle effectue ses ventes au comptant, en détail et à crédit à une clientèle composée d’hommes et de femmes.
Avec ce prêt, Madame Chata Solo espère réaliser un bénéfice mensuel moyen de 17500 FCFA qui sera utilisé pour être réinvesti dans l’activité et aider son conjoint dans la prise en charge des besoins du foyer.
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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