Members of the group are small retailers of condiments (onions, cabbage, groundnut paste, ...). To increase their stock supplies, the group decided to work with Soro Yiriwaso and are in their ninth group loan cycle.
Mrs. Nah (the second woman standing from left to right in the photo) has a great reputation in selling all kinds of condiments. She plans to use the loan to buy 300 kilos of shallots and cabbages. She sells for cash and credit, through home delivery to a clientele composed mostly of women.
Mrs. Nah hopes to achieve an average monthly profit of 47,000 FCFA with this loan, which will be invested in the business and ensure her home is supplied with condiments.
Like other women in the group, Ms. Nah aims to sustain her activities through this partnership with Soro Yiriwaso.
Dans le but d’augmenter leurs fonds de commerce, les membres du groupe ont décidé de collaborer avec Soro Yiriwaso et sont à leur 9ème cycle de prêt solidaire.
Madame Nah (2ème femme debout de la gauche vers la droite sur la photo) a une grande réputation dans la vente des condiments de toutes sortes. Elle compte utiliser son prêt pour acheter 300kg d’échalote et des choux pommés. La revente se fait au comptant et à crédit à domicile à une clientèle composée majoritairement de femmes. Madame Nah espère réaliser un bénéfice mensuel moyen de 47000 FCFA avec ce prêt, qui sera investi dans l’activité et assurer le ravitaillement du foyer en condiments. Tout comme les autres femmes du groupe, Madame Nah a pour objectif de pérenniser leurs activités dans ce partenariat avec Soro Yiriwaso.
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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