Assetou is in the business of selling "pagne" cloth (the traditional colorful cloth of western Africa) in this group of women. She is pictured standing, third from left to right, in the photo. She plans to use her loan to purchase 50 pieces of wax "pagne" cloth. She sells her items at the big market and from her home. She sells for cash to a customer base made up of men and women. Assetou hopes to earn an average monthly profit of 85,000 francs CFA, a portion of which she will use to repay the loan and its interest, and the rest she will put into savings.
Elles sont à leur treizième prêt avec l’institution de micro finance Soro Yiriwaso, dans le souci de satisfaire le besoin de leur clientèle.
Mme ASSETOU fait la vente de pagnes wax dans ce groupe de femmes. Elle est la troisième position debout de la gauche vers la droite sur la photo.
Elle compte acheter avec son prêt 50 pièces de pagnes wax. Elle vend ses articles au grand marché et à la maison. Elle vend au comptant à une clientèle constituée de femmes et d’homme.
Elle envisage réaliser un bénéfice mensuel moyen de 85 000 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