They are on their third loan with the microfinance institution Soro Yiriwaso, with the hope of being able to meet the demand of their customers.
Madame Matou is in the business of selling condiments in this group of women. She is standing in the middle of the photograph.
She plans to buy 100 kg of onions and 10 packets of Maggi cubes from wholesalers, and then sell them at retail for cash and on credit to a customer base made up mostly of women.
She foresees earning an average monthly profit of 15,500 FCFA, a part of which will be used to pay the loan and interest, with the rest going into her savings.
Elles sont à leur 3ème prêt avec l’institution de microfinance Soro Yiriwaso dans le souci de satisfaire le besoin de leurs clientèles.
Mme MATOU fait le commerce de condiments à dans ce groupe de femmes. Elle se tient debout au milieu.
Elle compte acheter, 100 kg d’oignons, 10 paquets de cube maggi auprès des grossistes qu’elle revendra en détail, au comptant et à crédit à domicile et au marché de Médine à une clientèle composée essentiellement de femmes.
Elle envisage réaliser un bénéfice mensuel moyen de 15.500 FCFA dont une partie est utilisée pour payer le prêt et son interêt et l’autre pour son épargne.
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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