They are on their third loan with the microfinance institution Soro Yiriwaso, and they are taking this loan to meet the needs of their customers.
Fatoumata sells fruits, vegetables and condiments. In the photo, she is in the front row, first from the right.
She plans to use her loan to buy three packages of Maggi bouillon cubes, one basket of pepper, one basket of soumbala (a condiment prepared from néré seeds) and also some salt. She will resell her goods on a retail basis at the market and in Sikasso. Her customer base consists of men and women who pay her in cash.
Fatoumata is expecting to make an average monthly profit of 15,000 CFA francs, part of which will be used to repay her loan and the interest, while the extra money will be 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 FATOUMATA en position assise 1 ère à droite fait le commerce de fruits, légumes et condiments.
Elle compte acheter avec son prêt 3 cartons de cube maggi, 1 panier de poivre, 1 panier de soumbala et le reste dans du sel qu’elle revendra en détail au marché, à Sikasso à une clientèle composée d’hommes et de femmes au comptant.
Elle envisage réaliser un bénéfice mensuel moyen de 15 000 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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