The members of this group have been working in small retail business for several years, and their goods are in high demand. Eager to meet their customers' increasing needs, they have decided to join the loan program offered by Soro Yiriwaso. This is their first solidarity loan.
Ada is a very popular seller in Ouelessebougou and she excels in the sale of grains. She plans to use her loan to buy five bags of maize. She buys her goods from wholesalers, locally and in surrounding villages, and she resells her merchandise in Ouelessebougou, for cash or on credit, to a retail customer base consisting of men and women.
She is expecting to make a monthly profit of 15,000 CFA francs, a sum which will allow her to repay her loan and to reinvest in her business.
Elles sont dans le petit commerce depuis plusieurs années et sont très sollicitées dans leurs activités.
Dans le souci de satisfaire le besoin croissant de leur clientèle, les membres du groupe décident d’intégrer le programme crédit de Soro Yiriwaso. Elles sont à leur premier prêt solidaire.
ADA, très connue à Ouelessebougou, excelle dans la vente de céréales. Elle compte utiliser son prêt pour acheter, 5 sacs de maïs. Elle s’approvisionne dans les villages environnants et sur place auprès des grossistes et vend à Ouelessebougou, en détail, au comptant et à crédit, à une clientèle composée d’hommes et de femmes.
Elle espère sur un bénéfice mensuel de 15.000FCFA somme qui lui permettra de rembourser le prêt et de réinvestir dans son activité.
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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