The members of the group have been involved in small retail business for several years and their products and services are in high demand.
Eager to meet their customers' increasing needs, they decided to join the loan program offered by Soro Yiriwaso. This is their sixth solidarity loan.
Massire is planning to use her loan to buy half a bag of salt, two bags of rice and two baskets of cabbage, fresh tomatoes, onions and eggplants, for the preparation of meals. She buys her supplies in Bamako and Tiélé and sells her food products in Tiélé, for cash and on credit, to a retail customer base consisting of men and women.
She is hoping to make a monthly profit of 25,000 CFA francs, which will allow her to repay her 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 sixième prêt solidaire.
MASSIRE, compte utiliser son prêt pour acheter, ½ sac de sel, 2 sacs de riz et 2 paniers de choux, tomate fraîche, oignons, aubergines à des fins de restauration. Elle s’approvisionne à BAMAKO et TIELE et vend ses aliments à TIELE, en détail, au comptant et à crédit, à une clientèle composée d’hommes et de femmes.
Elle espère sur un bénéfice mensuel de 25.000FCFA 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