With the goal of increasing their business capital, the group members joined the microfinance institution Soro Yiriwaso and are now on their 11th solidarity loan cycle.
Ms. MADOUSSOU, who is standing second from the left in the photo, intends to use her loan to purchase 5 sacks of rice. She gets her supplies locally in Bougoula and then makes her sales to men and women customers.
With this loan, Ms. MADOUSSOU plans making an average monthly profit of 40,000 francs CFA that will be used for reinvesting in her business and meeting certain household needs.
Elles font de la vente de savon, de riz, de la fabrication et vente de soumbala.
Dans le but d’augmenter leurs fonds de commerce, les membres du groupe intègrent Soro Yiriwaso et sont à leur 11ème cycle de prêt solidaire.
Madame MADOUSSOU, debout en deuxième position de la gauche vers la droite, compte utiliser son prêt pour acheter, 5 sacs de riz. Elle s’approvisionne sur place à Bougoula et ensuite fait la vente à une clientèle composée d’hommes et de femmes. Madame MADOUSSOU compte réaliser avec ce prêt un bénéfice mensuel moyen de 40.000 francs CFA qui sera utilisé, pour être réinvesti dans l’activité et prendre en charge certains besoins du foyer
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