With the goal of increasing their business capital, the group members decided to collaborate with the microfinance institution Soro Yiriwaso and are now on their third solidarity loan cycle.
Ms. Aissata (first woman standing from the left in the photo) is known in the village of Sèmèbougou for selling milk of all kinds. She intends to use her loan to purchase 4 bags of powdered milk. She resupplies herself with milk from the big market in Ségou. Cash and credit sales are made at her home and by going door to door. Her customers are mostly women.
Ms. Aissata plans on making an average monthly profit of 40,000 francs CFA with this loan. The profits will be used for reinvesting in the business and ensuring the children's healthcare is covered.
Dans le but d’augmenter leurs fonds de commerce les membres du groupe ont décidé de collaborer avec Soro Yiriwaso et sont à leur 3ème cycle de prêt solidaire.
Madame Aissata (1ère femme debout à l’extrême gauche sur la photo) est connue dans le village de Sèmèbougou pour sa vente de lait de toutes sortes. Elle compte utiliser son prêt pour acheter 4 sacs de lait en poudre. Elle se ravitaille en lait au grand marché de Ségou. La revente se fait au comptant et à crédit à domicile, en ambulant à une clientèle composée majoritairement de femmes. Madame Aissata compte réaliser un bénéfice mensuel moyen de 40 000 FCFA avec ce prêt, qui sera utilisé pour être réinvesti dans l’activité et assurer les soins de santé des enfants.
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