Aoua is a merchant in the shoe trade for this group of women. She is shown on the far left in the photo. Aoua intends to use her loan to purchase 150 pairs of plastic shoes. She sells them both from her home and at retail in the market of Hamdallaye. Aoua expects to earn an average monthly income of 20,500 FCFA. Part of this she will use to repay her loan and its interest, and the rest she will put into her savings.
Elles sont à leur 2ème prêt avec l’institution de microfinance Soro Yiriwaso dans le souci de satisfaire le besoin de leur clientèle.
AOUA fait le commerce de chaussures dans ce groupe de femmes. Elle se tient en première position de la gauche vers la droite.
Elle compte acheter avec son prêt 150 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 20 500 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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Success!! The loan was 100% repaid