Soro Yiriwa Group
They met through family, neighborhood and friendship ties. They sell groundnut paste, fruit and vegetables and do catering.
The women of the Soro Yiriwa group are on their fourth loan in solidarity.
The client Dadji, the person in the middle of the row of people standing, plans to buy 1 bag of 50kg of rice and condiments for catering for the clients of the town and especially during the days of the fair.
She envisions making an average monthly profit of 20,000 FCFA which will be used for the needs of her family and partly reinvested in her catering business.
Elles se sont connues à travers des liens de parenté, de voisinage et d’amitié. Elles font le commerce de pâte d’arachide, de fruits, de légumes et font la restauration.
Les femmes du groupe Soro Yiriwa sont à leur quatrième prêt solidaire.
La cliente DADJI, personne au milieu dans le rang des debout, compte acheter 1 sac de 50Kg de riz et les condiments pour la restauration destinée aux clients du village surtout pendant les jours de foire.
Elle envisage réaliser un bénéfice moyen mensuel de 20 000FCFA qui sera utilisé pour les besoins de la famille et une partie est réinvestie dans l’activité de restauration.
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