With the goal of satisfying the needs of their more and more numerous and demanding clientele, the members of the group decided to join the loan program of Soro Yiriwaso and are on their first loan in solidarity.
Madam Awa (2nd standing from the right to the left in the photo) excels in the sale of firewood. She is very much in demand in her neighborhood. She plans to use her loan to buy a trailer load of firewood. She carries out her sales for cash, retail and to a mixed clientele.
With this loan Madam Awa hopes to make an average monthly profit of 11,000 FCFA which will be used to reinvest in her business and to help her spouse to take care of the needs of the home.
Dans le but de satisfaire le besoin de leurs clientèles de plus en plus croissantes et exigeantes, les membres du groupe ont décidé d’intégrer le programme crédit de Soro Yiriwaso et sont à leur 1er prêt solidaire.
Madame AWA (2e debout de la droite vers la gauche sur la photo) excelle dans la vente de bois de chauffe. Elle est très sollicitée dans son quartier
Elle compte utiliser son prêt pour acheter, un chargement de remorque de bois de chauffage. Elle effectue ses ventes au comptant, en détail à une clientèle mixtes.
Avec ce prêt, Madame AWA espère réaliser un bénéfice mensuel moyen de 11000 FCFA qui sera utilisé pour être réinvesti dans l’activité et aider son conjoint dans la prise en charge des besoins du foyer.
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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