The members of the group are retailers, restaurateurs, or sell "canaris" (clay pots). In order to bolster their working capital, they decided to join Kiva's partner, the MFI Soro Yiriwaso, from which they are seeking their second solidarity loan (group loan).
Mrs. Ramatou (second woman on the left in the photograph) is one of the pot sellers of the group. She intends to use her loan to manufacture clay pots (transporting clay, buying firewood bundles, and covering labor expenses).
She gets her supplies on the riverside and retails for cash and on credit, at her home and at the market, to a clientele comprising both men and women.
Thanks to this loan, she intends to turn an average monthly profit of XOF 12'500 (ca US$ 25) to be in part reinvested in her business, and in part used to help her husband cover some family expenses.
Les membres du groupe font le petit commerce: restauration et vente de canaris.
Dans le but d’augmenter leurs fonds de commerce, les membres du groupe ont intégrés Soro Yiriwaso et sont à leur 2ème cycle de prêt solidaire.
Madame RAMATOU (2ème à droite sur la photo) est l’une des vendeuses de pots du groupe. Elle compte utiliser son prêt pour la confection de pots (transport d’argile, achat de fagots et frais de main d’œuvre)
Elle s’approvisionne au bord du fleuve et effectue ses ventes en détail, au comptant et à crédit, à domicile et au marché, à une clientèle composée d’hommes et de femmes.
Madame RAMATOU compte réaliser avec ce prêt un bénéfice mensuel moyen de 12.500 FCFA qui sera utilisé, pour être réinvesti dans l’activité et aider son mari dans certaines dépenses familiales.
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