With the aim of increasing their working capital, the members of this group joined Soro Yiriwaso and they are currently taking out their 6th group loan. Elizabeth, who is standing on the far right of the photo, plans to use her loan to buy 15 pieces of wax pagnes (traditional cloth). She stocks up at wholesalers in Sikasso and makes her sales from home to a customer base made up of both men and women. Elizabeth hopes to make a monthly profit of 30,000 francs. She will re-invest this money in her business and also cover some household expenses.
Elles font de la vente des habits, du riz, de bois de chauffe, de tissus, des plastiques et des condiments.
Dans le but d’augmenter leurs fonds de commerce, les membres du groupe ont intégré Soro Yiriwaso et sont à leur 6ème cycle de prêt solidaire.
Madame Elizabeth, debout à l’extrême droite, compte utiliser son prêt pour acheter, 15 pièces de pagne wax. Elle s’approvisionne sur place à Sikasso, auprès des grossistes et effectue ses ventes à domicile, à une clientèle composée d’hommes et de femmes. Madame Elizabeth compte réaliser avec ce prêt un bénéfice mensuel moyen de 30.000 FCFA qui sera utilisé, pour être réinvesti dans l’activité et prendre en charge certains besoins 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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