They are on their first loan from the microfinance institution, in order to be able to satisfy their customers' demand.
Salimata, who is sitting on the far left of the photo makes and sells incense. With her loan she is planning to buy the raw materials needed to make incense ("magnkiseni", perfumes, "guéni", and bottles) which she will retail for cash at a specific place in Sikasso and within her family to a customer base made up of men and women.
She expects to make an average monthly profit of 25,000FCFA, part of which will be used to repay her loan and the interest on it, while the remainder will be saved.
Elles sont à leur premier prêt avec l’institution de micro finance Soro Yiriwaso afin de satisfaire le besoin de leur clientèle.
Mme SALIMATA assise en première position de la gauche vers la droite fait la préparation et vente de l’encens. Elle compte acheter avec son prêt de la matière première pour la fabrication de l’encens (magnkiseni, parfums, guéni, et bouteilles) qu’elle revendra en détail à Sikasso à une place fixe et en famille à une clientèle composée d’hommes et de femmes au comptant.
Elle envisage réaliser un bénéfice mensuel moyen de 25 000 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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Success!! The loan was 100% repaid