They have decided to join Soro Yiriwaso in order to increase their businesses, and they are on their third solidarity loan cycle.
Aminata, standing second from the right in the photo, is well-known as an important seller of various condiments. She plans to use her loan to buy five bags of shallots and some potatoes. She resells her goods from home, for cash or on credit, to a customer base which mostly consists of women.
With this loan, Aminata hopes to make an average monthly profit of 25,000 CFA francs which will be reinvested in her business and also used to buy condiments for her household.
Dans le but d’augmenter leurs fonds de commerce, les membres du groupe ont décidé de collaborer avec Soro Yiriwaso et sont à leur 3ème cycle de prêt solidaire.
Madame Aminata (2ème femme debout de la droite vers la gauche sur la photo) a une grande réputation dans la vente des condiments de toutes sortes. Elle compte utiliser son prêt pour acheter 5 sacs d’échalote et de la patate. La revente se fait au comptant et à crédit à domicile à une clientèle composée majoritairement de femmes. Madame Aminata espère réaliser un bénéfice mensuel moyen de 25000 FCFA avec ce prêt, qui sera réinvesti dans l’activité et assurer le ravitaillement du foyer en condiments.
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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