The women are on their first loan with the organization and at the beginning of their partnership. They sell wax "pagne" (the traditional colorful cloth of western Africa), flour, spices, etc.
Aminata, the first woman pictured on the far left of the photo, plans to use her loan to purchase wax "pagne" cloth. She stocks up in the area and makes her retail sales for cash and credit to a customer base made up of both men and women. She hopes to earn an average monthly profit of 20,000 francs CFA. This will allow her to repay her loan and also to help her husband with the daily expenses.
Elles collaborent avec l’institution de microfinance Soro Yiriwaso afin de mener à bien leurs activités de commerce.
Elles sont à leur première prêt avec l’institution et sont à leur début de collaboration.
Les spéculations à vendre sont les pagnes wax, farines, condiments etc. Mme AMINATA 1ère personne à gauche de la photo compte acheter avec son prêt des pagnes wax. Elle s’approvisionne sur place et effectue ses ventes au comptant en détail et à crédit à une clientèle constituée de femmes et d’hommes.
Elle compte réaliser un bénéfice moyen de 20 000 francs CFA par mois.
Ce bénéfice lui permettra de payer son prêt et aussi d’aider son mari dans les dépenses quotidiennes.
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