They are on their eleventh loan with the microfinance institution Soro Yiriwaso, out of the concern to meet the needs of their clientele.
Madam Korotoumou sells condiments as part of this group of women. She is the person in the second position standing from left to right in the photo.
With her loan she plans to buy 20 baskets of tomatoes and 20 packages of maggi cubes. She sells her items at the large market and from home. She sells for cash to a clientele made up of women and men.
She envisions making an average monthly profit of 80,000 FCFA of which part is used to repay the loan and its interest and the other part is saved.
Elles sont à leur onzième prêt avec l’institution de micro finance Soro Yiriwaso, dans le souci de satisfaire le besoin de leur clientèle.
Mme KOROTOUMOU fait la vente des condiments dans ce groupe de femmes. Elle est la deuxième personne position débout de la gauche vers la droite sur la photo.
Elle compte acheter avec son prêt 20 paniers de tomates, 20 paquets de cube maggi. 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 80 000 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