To strengthen their activities, the group members joined the Soro Yiriwaso microfinance institution. This is their seventh group loan cycle.
Mrs. Fatoumata (2nd from the left) is a successful reseller of a wide variety of groundnuts. She will use her loan to buy 150 kg of groundnuts. She conducts her sales for cash and on credit in the district of Pelengana, in Segou, to a clientele composed of both men and women.
Fatoumata expects to earn an average monthly profit of 25,000 FCFA, which will be used to invest in her activity and to help provide for her children. Her goal is to make her activity sustainable through her partnership with Soro Yiriwaso in order to bolster her economic endeavors.
Dans le but de consolider leur petit commerce, les membres du groupe ont décidé de collaborer avec Soro Yiriwaso et sont à leur 7ème cycle de prêt solidaire.
Madame Fatoumata (2ème femme debout de la gauche vers la droite) est une grande vendeuse d’arachide de toutes sortes. Elle compte utiliser son prêt pour acheter 150kg d’arachide. La revente se fait au comptant et à crédit dans le quartier de Pelengana à Ségou à une clientèle composée d’hommes et de femmes. Madame Fatoumata compte réaliser un bénéfice mensuel moyen de 25000 FCFA, qui sera réinvesti dans l’activité et participe à la prise en charge des enfants. Son ambition est de pérenniser son activité dans le partenariat avec Soro Yiriwaso afin d’accroitre ses activités économiques.
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