They are on their fourth loan with the microfinance institution Soro Yiriwaso in order to meet the needs of their customers.
Aby, the first person from the right towards the left, sells food condiments and fabric in this TERIYA women's group. With this loan she plans to buy two rolls of fabric for men and women in Burkina Faso. She resells it at the market of Lafiabougou and in her family to a clientèle consisting of men and women, for cash. She envisions making an average monthly profit of 37,000 FCFA of which part is used for daily family expenses and the other is saved.
Elles sont à leur quatrième prêt avec l’institution de microfinance Soro Yiriwaso afin de satisfaire le besoin de leur clientèle.
ABY, première personne de la droite vers la gauche, fait le commerce de condiments alimentaires et des tissus dans ce groupe de femmes TERIYA.
Elle compte acheter avec son prêt deux rouleaux de tissus pour femmes et hommes au Burkina Faso
Elle les revend au marché de LAFIABOUGOU et en famille à une clientèle composée d’hommes et de femmes, au comptant.
Elle envisage réaliser un bénéfice mensuel moyen de 37.000 FCFA dont une partie est utilisée pour les dépenses quotidiennes de la famille et l’autre pour son 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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