A N Massika Group
Striving to increase their business, the group members decided to work with Soro Yiriwaso and are on their first group-loan cycle.
Mariam (woman seated on the far-right in the photo) is a highly respected seller of peanuts in her town and in the surrounding areas. She plans to use the loan to buy three bags of peanuts at the market in Konodimini. She resells her goods from home, for cash or for credit, to a clientele of mostly women. With the loan, Mariam plans to earn an average monthly profit of 15,000 FCFA, which she will reinvest in her business and use to buy condiments for her home.
Dans le but d’augmenter leurs fonds de commerce, les membres du groupe décident de collaborer avec Soro Yiriwaso et sont à leur 1ier cycle de prêt solidaire.
Madame Mariam (femme assise en 1ème position à l’extrême droite sur la photo) a une grande réputation dans la vente d’arachide dans le village et environnants. Elle compte utiliser son prêt pour acheter 3 sacs d’arachide à la foire de Konodimini. La revente se fait au comptant et à crédit à domicile à une clientèle composée majoritairement de femmes. Madame Mariam compte réaliser un bénéfice mensuel moyen de 15 000 FCFA avec ce prêt, qui sera utilisé, pour être réinvesti dans l’activité et assurer le ravitaillement du foyer en condiments.
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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