jumbo seasoning, palm oil, groundnut paste, mustard, ..) and small ruminants. With a view to increasing their capital, the group members decided to collaborate with Soro Yiriwaso and are on their first group loan.
Nina (standing on the far right) is a significant seller of all types of small ruminants. She is planning to use her loan to buy four sheep in Niono. She resells for cash and on credit from home and in Kanadjiguila market to a primarily male customer base. With this loan she hopes to make an average monthly profit of 50,000FCFA, and, as is the case for all the other women in the group, this will be used to reinvest in her business.
Madame Nina (la 1ère debout à droite) est une grande vendeuse de petits ruminants de toutes sortes. Elle compte utiliser son prêt pour acheter 4 moutons à Niono. La revente se fait au comptant et à crédit à domicile et au marché de Kanadjiguila à une clientèle composée majoritairement d’hommes. Elle espère réaliser avec ce prêt un bénéfice mensuel moyen de 50 000 FCFA avec ce prêt, qui sera utilisé, pour être réinvesti dans l’activité. Tout comme les autres femmes du groupe.
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