Concerned about satisfying the growing needs of their customers, the group members decided to join the loan program of the microfinance institution Soro Yiriwaso eight years ago and are now on their 11th solidarity loan.
TATA, who is the group's president, is well-known in SELINGUE, and she excels at selling fish. She intends to use her loan to purchase 100 kg of fish. She gets her supplies locally from fisherfolk and sells her fish retail for cash in SELINGUE. Her customer base is composed of men and women.
She is hoping for a monthly profit of 110,000 francs CFA that will enable her to pay back the loan and to reinvest in her business.
Elles sont dans le petit commerce depuis plusieurs années et sont très sollicitées dans leurs activités. 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 il ya huit ans. Elles sont à leur onzième prêt solidaire. TATA, qui est la présidente du groupe et très connue à SELINGUE, excelle dans la vente de poisson. Elle compte utiliser son prêt pour acheter 100 kilos de poisson. Elle s’approvisionne sur place auprès des pêcheurs et vend ses poissons à SELINGUE, en détail, au comptant à une clientèle composée d’hommes et de femmes.
Elle espère sur un bénéfice mensuel de 110.000FCFA 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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Success!! The loan was 100% repaid