They have been involved in small business for several years and are highly sought-after for their work.
With the hope of satisfying the growing needs of their clientele, the group members decided to join Soro Yiriwaso's loan program. They are on their first solidarity (group) loan.
Fatou intends to use her loan to buy several dozen sets of children's clothing. She gets her supplies in Bamako and Ouelessebougou and sells her goods in Ouelessebougou at retail, in cash and on credit to a clientele composed of men and women.
She hopes to earn a monthly profit of 20,000 FCFA, which will allow her to repay the loan and reinvest in her business.
Elles sont dans le petit commerce depuis plusieurs années et sont très sollicitées dans leurs activités.
Dans le souci de satisfaire le besoin croissant de leur clientèle, les membres du groupe ont décidé d’intégrer le programme crédit de Soro Yiriwaso. Elles sont à leur premier prêt solidaire.
FATOU, compte utiliser son prêt pour acheter, quelques douzaines d’habits pour enfants. Elle s’approvisionne à BAMAKO et OUELESSEBOUGOU et vend ses marchandises à OUELESSEBOUGOU, en détail, au comptant et à crédit, à une clientèle composée d’hommes et de femmes.
Elle espère sur un bénéfice mensuel de 20.000FCFA somme qui lui permettra de rembourser le prêt et de réinvestir dans son activité.
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