This is their 7th loan with the microfinance institution Soro Yiriwaso, with the goal of satisfying their clients’ needs.
In this group of women, Aminata is the one who sells beverages. She is standing in the middle of the photo.
She plans on using her loan to buy 15 cases of sweetened beverages that she retails locally and at the market.
She hopes to earn an average monthly income of 35,000 CFA Francs, which will be used to pay off her loan with interest, with the remainder going into her savings.
Elles sont à leur 7ème prêt avec l’institution de micro finance Soro Yiriwaso dans le souci de satisfaire le besoin de leur clientèle.
Mme Aminata fait le commerce de boisons dans ce groupe de femmes. Elle se tien debout au milieu.
Elle compte acheter avec son prêt environ 15 casiers de boisson sucrée 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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