The members of the group run small businesses selling beignets and seasonings.
With the goal of increasing their business, the group members joined Soro Yiriwaso and are on their first group loan cycle. Madame Siga (first on the left in the photo) is the seasoning seller in the group. She counts on using her loan to buy a large quantity of seasonings (garlic, pepper, tomato paste, and cooking salt).
She stocks up from wholesalers and sells retail, for cash and credit, at home and in the market, to a clientele of men and women.
Madame Siga counts on making a monthly profit of 21,750XOF with this loan, which will be used to reinvest in her business and to help her husband with some of the family's spending.
Les membres du groupe font le petit commerce : vente de beignets et de condiments.
Dans le but d’augmenter leurs fonds de commerce, les membres du groupe ont intégrés Soro Yiriwaso et sont à leur 1er cycle de prêt solidaire.
Madame SIGA (1ère à gauche sur la photo) est la vendeuse de condiments du groupe. Elle compte utiliser son prêt pour acheter, une importante quantité de condiments (ail, poivre, concentrée de tomate et du sel de cuisine).
Elle s’approvisionne auprès des grossistes et effectue ses ventes en détail, au comptant et à crédit, à domicile et au marché, à une clientèle composée d’hommes et de femmes.
Madame SIGA compte réaliser avec ce prêt un bénéfice mensuel moyen de 21.750 FCFA qui sera utilisé, pour être réinvesti dans l’activité et aider son mari dans certaines dépenses familiales.
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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