With the goal of getting fresh supplies for cash, the members of the group joined Soro Yiriwaso and are on their 12th loan in solidarity. Madam Assan (the first woman to the extreme left in the photo) is a great seller of all kinds of clothing in the Bagadadji Ségou neighborhood. She plans to use her loan to buy 50 outfits for children at the great market of Ségou.
With this loan, Madam Assan hopes to make an average monthly profit of 65,000 FCFA which will be reinvested in her business and used to ensure the healthcare and schooling of her children. Like the other women in the group, she has the ambition to breed little ruminants in this partnership with Soro Yiriwaso.
Madame, Assan (1ère femme à l’extrême gauche sur la photo) est une grande vendeuse de vêtements de toutes sortes dans le quartier Bagadadji Ségou. Elle compte utiliser son prêt pour acheter 50 complets d’habits pour enfants au grand marché de Ségou. Avec ce prêt, Madame Assan espère réaliser un bénéfice mensuel moyen de 65 000 FCFA qui sera utilisé pour être réinvesti dans l’activité, assurer les soins de santé et la scolarisation des enfants. Tout comme les autres femmes du groupe, elle a pour ambition de faire l’élevage de petits ruminants dans ce partenariat avec Soro Yiriwaso.
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