Ms. FATOUMATA does commerce in cloth in this group of women. She is standing at the far right in the photo. She intends to use her loan to purchase about 7 lengths of cloth, which she sells retail locally and at the market. She envisions making an average monthly profit of 35,000 francs CFA. Part of the profits is used to pay back the loan with interest, and the other part goes to her savings.
Elles sont à leur 15ème prêt avec l’institution de micro finance Soro Yiriwaso dans le souci de satisfaire le besoin de leur clientèle.
Mme FATOUMATA fait le commerce de tissus dans ce groupe de femmes. Elle se tien en à l’extrême droite sur la photo.
Elle compte acheter avec son prêt environ 7 pièces de tissus qu’elle revend en détail sur place et au marché.
Elle envisage réaliser un bénéfice mensuel moyen de 35 000 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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