With the goal of increasing their business, the group members joined Soro Yiriwaso's loan program, through which they are on their 15th group loan cycle.
Mrs. Soungoura (the woman standing second to the right from the left side of the photo) is well-known for her sale of cereals in her neighborhood and surrounds. She plans to use her loan to purchase five sacks of rice. She obtains her supply of cereals from the fairgrounds at the grand market. Her sales are made for cash and credit to a group of customers made up of men and women. With this loan, Mrs. Soungoura hopes to see a monthly profit of 40,000 CFA francs, which will be used as a reinvestment in the business and to see to the upkeep of the children at home.
Dans le but d’augmenter leurs fonds de commerce, les membres du groupe ont adhéré au programme de crédit de Soro Yiriwaso avec qui elles sont à leur 15ème cycle de prêt solidaire.
Madame, Soungoura (femme debout en 2ème position de la droite vers la gauche sur la photo) a une grande réputation dans la vente des céréales dans sa localité et ses environs. Elle compte utiliser son prêt pour acheter 5 sacs de riz. Elle se ravitaille en céréales avec les forains au grand marché. La revente se fait au comptant et à crédit à une clientèle composée d’hommes et de femmes. Avec ce prêt, Madame Soungoura espère réaliser un bénéfice mensuel moyen de 40 000 FCFA qui sera utilisé pour être réinvesti dans l’activité et assurer l’entretien des enfants 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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Success!! The loan was 100% repaid