They know each other as neighbors and friends as well as through their work. IN order to strengthen their financing capacity and better manage their business, they have joined the Soro Yiriwaso microfinance institution and are now on their eight loan. The seven preceding loans have been duly repaid. The group members sell cereals, which is what Kadiatou does, for example. She is the one holding a paper in her hands. She buys and resells cereals, and her plan is to user her loan to buy 1200 kg [2646 lbs] of cereals from farmers. She sells at the market and out of her home, retail, for cash and on credit, to a customer base composed mainly of women. She plans to achieve an average monthly revenue of 50,000 West African francs, which will be reinvested in her business and used to pay off the loan.
Elles se sont connues à travers des liens de voisinage, d’amitié et de commerce. Pour renforcer leur capacité financière afin de mieux faire leur commerce, elles ont adhéré à l’institution de microfinance Soro Yiriwaso avec laquelle elles sont à leur huitième prêt. Les sept précédents prêts ont été correctement remboursés. Ce groupe de femmes fait le commerce de céréales à travers KADIATOU qui est la femme assise papier en main. Elle fait l’achat vente de céréales et compte acheter avec son prêt 1200Kg de maïs avec les paysans. Elle effectue ses ventes au marché et à domicile, en détail au comptant et à crédit à une clientèle composée essentiellement de femmes.
Elle envisage réaliser un bénéfice mensuel moyen de 50.000FCFA qui sera investi dans les activités et rembourser le prêt.
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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