Yerekun Gnini Group
They are on their third loan with the Soro Yiriwaso microfinance institution, with the goal of meeting customer demand. The prior loans have been duly repaid.
Salimata, the first one seated on the left in the photo, is a group member who sells fresh milk. She plans to use her loan to buy 170 liters [about 45 gal] of fresh milk. She buys from local farms around the village of Siekourani. She sells at the Sikeourani market and the market in the town of Louloni on market days, to a customer base composed of both men and women, for cash. She plans to achieve an average monthly revenue of 17,000 West African francs, one part of which will be used to pay off her loan, and the other part for savings.
Elles sont à leur troisième prêt avec l’institution de micro finance Soro Yiriwaso afin de satisfaire le besoin de leur clientèle. Les prêts passés ont été correctement remboursés.
SALIMATA 1ère assise à gauche sur la photo, fait le commerce de lait frais à travers ce groupe de femmes YEREKUN GNINI.
Elle compte acheter avec son prêt 170 litres du lait frais. Elle s’approvisionne dans les parcs avoisinants du village de Siékourani.
Elle les revend au marché de Siékourani et au marché de Loulouni ville le jour de foire à une clientèle composée d’hommes et de femmes au comptant.
Elle envisage réaliser un bénéfice mensuel moyen de 17.000 FCFA dont une partie est utilisée pour payer le prêt et son intérêt et l’autre pour son épargne .
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