With the goal of expanding their business, the group members joined Soro Yiriwaso and are on their second solidarity (group) loan.
Ms. Fatoumata (standing in the center in the photo) is a major seller of condiments in the Heremakono area and its surroundings.
She intends to use her loan to buy five bags of fresh onions, three cartons of Maggie cubes, two 25-kg bags of salt, and 15 kg of pepper at the market fair in San. She makes her sales at home and in her area, at retail in cash and sometimes on credit to a clientele composed mainly of women.
With this loan, Ms. Fatoumata hopes to realize an average monthly profit of 19,500 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 2è prêt solidaire.
Madame FATOUMATA (debout au milieu sur la photo) est une grande vendeuse de condiments dans le quartier Heremakono et ses alentours.
Elle compte utiliser son prêt pour acheter, 5 sacs d’oignons frais 3 cartons de cube maggi 2 sacs de sel de 25 kg chacun et 15 kg de poivre à la foire de San. Elle vend à domicile, dans son quartier, au comptant, en détail et quelques fois à crédit à une clientèle composée essentiellement de femmes.
Avec ce prêt, Madame FATOUMATA espère réaliser un bénéfice mensuel moyen de 19500 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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