With the goal of expanding their business, the group members joined Soro Yiriwaso and are on their 11th solidarity (group) loan.
Ms. Sanata (standing first from the left and dressed in an orange damask outfit) intends to use her loan to buy four cases of calabashes (with 70 calabashes per case). She gets her supplies at the grand market fair in Bla. She makes her sales at retail in cash to a clientele composed mainly of women at the market day fair in Yangasso and at home on regular days.
With this loan, Ms. Sanata hopes to realize an average monthly profit of 43,000 FCFA, which will be used to reinvest in her business and take care of the household expenses.
Dans le but d’augmenter leurs fonds de commerce, les membres du groupe ont intégré Soro Yiriwaso et sont à leur 11eme prêt solidaire.
Madame, SANATA (1ere femme debout de la gauche vers la droite en complet bazin orange sur la photo) compte utiliser son prêt pour acheter, 4 colis de calebasses (en raison de 70 calebasses par colis). Elle s’approvisionne à la grande foire de Bla. Elle effectue ses ventes au comptant, en détail à une clientèle composée essentiellement de femmes à la foire de YANGASSO et les jours ordinaires à domicile.
Avec ce prêt, Madame SANATA espère réaliser un bénéfice mensuel moyen de 43000 FCFA qui sera utilisé pour être réinvesti dans l’activité et prendre en charge des 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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Success!! The loan was 100% repaid