They are on their eleventh loan with the Soro Yiriwaso microfinance institution, to meet the needs of their customers.
In this group of women Ms. Chata processes shea kernels into shea butter for retail sales. She is seated at the far right.
She intends to use her loan to buy 300 kg of shea kernels she processes and retails on the spot with her family, for cash, to a clientele consisting for the most part of women.
She plans to make an average monthly profit of 45,000 CFA francs, a portion of which will be used to pay the loan and its interest, and the rest put into savings.
Elles sont à leur 11ème prêt avec l’institution de micro finance Soro Yiriwaso afin de satisfaire le besoin de leur clientèle.
Mme CHATA fait la transformation et la commercialisation d’amandes de karité en beurre de karité dans ce groupe de femme. Elle se tien à l’extrême droite.
Elle compte acheter avec son prêt environs 300 kg d’amande de karité qu’elle transforme et vend en détail sur place en famille à une clientèle composée pour la majeur partie de femmes au comptant.
Elle envisage réaliser un bénéfice mensuel moyen de 45 000 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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