In order to increase their capital, the group members have partnered with Soro Yiriwaso and are on their fourth group loan cycle.
Tata (the woman seated on the far left in the photo,) is a great seller of all kinds of condiments. She will use her loan to buy 800 kg of fakoye with the stallkeepers in the surrounding villages of Ségou. She makes sales in cash and credit to a mostly female clientele out of her home, while traveling, and in the Château de Ségou marketplace. With this loan, Tata hopes to make an average monthly profit of 40,000 FCFA, which will be used to reinvest in her business and take care of small household needs. Her goal is to buy a lot for residential use with this partnership with Soro Yiriwaso.
Dans le souci de se ravitailler au comptant, les membres du groupe ont intégré Soro Yiriwaso et sont à leur 4ème cycle de prêt solidaire.
Tata (femme assise sur la photo à l’extrême gauche) est une grande vendeuse de condiments de toutes sortes. Elle compte utiliser son prêt pour acheter 800 kg de fakoye avec les forains des villages environnants de Ségou. Elle effectue ses ventes en détail au comptant et à crédit à une clientèle composée majoritairement de femmes à domicile, en ambulant et au marché Château de Ségou. Avec ce prêt, madame Tata espère réaliser un bénéfice mensuel moyen de 40 000 FCFA qui sera utilisé pour être réinvesti dans l’activité et prendre en charge les petits besoins du foyer en condiments. Elle a pour objectif d’acheter un lot à usage d’habitation dans ce partenariat avec Soro Yiriwaso.
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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Success!! The loan was 100% repaid