They are on their third loan with the Soro Yiriwaso microfinance institution to meet the needs of their customers.
Ms. Konimba been trading condiments in the Mougnou group of women. She is sitting in first position from right to left in the photo.
She intends to use the loan to buy 25 kg of dried okra, 150 kg of onions and 20 kg of smoked fish. She will resell for cash at retail prices, on site with family members, to a client base consisting of a majority of women.
She expects average monthly profits of 18,000 CFA francs, a portion of which is used to pay off the loan and its interest, and the remainder put into savings.
Elles sont à leur troisième prêt avec l’institution de micro finance Soro Yiriwaso afin de satisfaire le besoin de leur clientèle.
Mme KONIMBA fait le commerce de condiments dans ce groupe de femmes de MOUGNOU. Elle se tient assise en première position de la droite vers la gauche sur la photo.
Elle compte acheter avec son prêt 25 kg de gombo séché, 150 kg d’oignon et 20 kg de poissons fumé qu’elle revendra en détail sur place en famille à une clientèle composée pour la majeure partie de femmes au comptant.
Elle envisage réaliser un bénéfice mensuel moyen de 18 000 francs CFA dont une partie est utilisée pour payer le prêt et son interêt et l’autre pour son épargne.
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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