Fasso Kanou Group
With the goal of increasing their business capital, the group members joined the microfinance institution Soro Yiriwaso and are now on their first solidarity loan.
Ms. SARAN (second persons standing from the right and wearing a green Wax outfit) is very well known for her business selling 'sounbala' in the village. She intends to use her loan to purchase 120 kg of néré seeds from retailers of harvested products, in SAN. After purchasing her merchandise, she processes the néré seeds into 'soubala' in about five days. Accepting cash, she makes her sales retail to a customer base composed of men and women at the big market in SAN and out of her home in the village.
With this loan, Ms. SARAN hopes to make an average monthly profit of 17,500 francs CFA that will be used to invest in the business and to meet household needs.
Dans le but d’augmenter leurs fonds de commerce, les membres du groupe intègrent Soro Yiriwaso et sont à leur 1er prêt solidaire.
Madame, SARAN (2 eme personne debout de la droite vers la gauche avec wax complet vert) très connue dans son activité de vente de Sounbala dans le village. Elle compte utiliser son prêt pour acheter, 120 kg de noix de néré auprès des revendeurs de produits de cueillettes à SAN. Après avoir acheté son marchandise elle transforme les noix néré pendant environs 5 jours en Sounbala. Elle effectue ses ventes au comptant, en détail à une clientèle composée d’hommes et de femmes, au grand de marché de SAN et à son domicile dans le village.
Avec ce prêt, Madame SARAN espère réaliser un bénéfice mensuel moyen de 17500 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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