They are on their fourteenth loan with the Soro Yiriwaso microfinance institution, to meet their customers' needs.
Ms. AWA, the first on the right, sells condiments. She intends to use her loan to buy about 30 1-kilo cans of tomato paste, 10 bags of 30 units each of Maggi cubes, one basket of pepper and one basket of Sounbala (ground, cooked, and fermented seeds used in cooking) she will sell retail for cash, at a fixed location in the market and assisted by family, to a clientele of women.
She plans to make an average monthly profit of 40,000 CFA francs, a portion of which will be used to pay the loan and its interest, and the remainder put into savings.
Elles sont à leur quatorzième prêt avec l’institution de micro finance Soro Yiriwaso afin de satisfaire le besoin de leur clientèle.
Mme AWA première droite fait le commerce de condiments.
Elle compte acheter avec son prêt environ 30 boites de kilos de concentrée de tomate, 10 sachets de 30 unités de cube maggi, 1 panier de poivre et 1 panier de Sounbala qu’elle revendra en détail au marché à une place fixe et en famille à une clientèle composée de femmes au comptant.
Elle envisage réaliser un bénéfice mensuel moyen de 40 000 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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