With the goal of increasing their business capital, the group decided to collaborate with the microfinance institution Soro Yiriwaso and are now on their first solidarity loan cycle.
Ms. Salimata (the woman seated first from the right in the photo) is a major vendor of peanuts in the village. She intends to use her loan to purchase a sack of peanuts at the Konodimini fair. Sales are made in cash or on credit to a customer base composed mostly of women.
Ms. Salimata hopes to make an average monthly profit of 5,000 francs CFA with this loan. It will be used for reinvesting in the business and ensuring her home is kept supplied with ingredients for cooking.
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 Salimata (femme assise en 1ème position à l’extrême droite sur la photo) est une grande vendeuse d’arachide dans le village. Elle compte utiliser son prêt pour acheter un sac 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 Salimata espère réaliser un bénéfice mensuel moyen de 5000 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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Success!! The loan was 100% repaid