With the hope of satisfying the increasing demands of their clientele, the group members decided to join Soro Yiriwaso's loan program. They are on their eighth solidarity (group) loan.
Moh, who is the group's president, is very well-known in Keleya and excels in selling rice. She intends to use her loan to buy several bags of locally produced rice. She gets her supplies in the neighbouring towns and in her area from wholesalers and sells her products in Keleya at retail, in cash and on credit, to a clientele composed of men and women.
She hopes to earn a monthly profit of 30,000 FCFA, which will allow her to repay her loan and reinvest in her business.
Dans le souci de satisfaire le besoin croissant de leur clientèle, les membres du groupe ont décidé d’intégrer le programme crédit de Soro Yiriwaso. Elles sont à leur huitième prêt solidaire.
Moh, qui est la présidente du groupe et très connue à Keleya et excelle dans la vente de riz. Elle compte utiliser son prêt pour acheter, quelques sacs de riz de production locale. Elle s’approvisionne dans les villages environnants et sur place auprès des grossistes et vend ses produits à Keleya, en détail, au comptant et à crédit, à une clientèle composée d’hommes et de femmes.
Elle espère sur un bénéfice mensuel de 30.000FCFA 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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