This is their ninth loan from the Soro Yiriwaso micro financial institution. Their aim is to satisfy their customers.
Aoua sells shoes through this group of women. She is the second member from left to right in the picture.
With her loan she hopes to buy about 200 pairs of plastic shoes which she will sell retail locally and at the market in Hamdallaye.
She hopes to make an average monthly profit of 22 500 FCFA, some of which she will use to pay back her loan and the interests and the rest she will save.
Elles sont à leur 9ème prêt avec l’institution de microfinance Soro Yiriwaso dans le souci de satisfaire le besoin de leur clientèle.
AOUA fait le commerce de chaussures à travers ce groupe de femmes. Elle se tient en deuxième position de la gauche vers la droite.
Elle compte acheter avec son prêt environ 200 paires de chaussures en plastique qu’elle revend en détail sur place et au marché de Hamdallaye.
Elle envisage réaliser un bénéfice mensuel moyen de 22 500 FCFA dont une partie est utilisée pour payer le prêt et son intérêt 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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