They are on their fifth loan with the microfinance institution, Soro Yiriwaso, so that they can satisfy customer demand.
Within the group Kadiatou, who is on the far right of the photo, has a restauration activity. With her loan she is planning to buy five sacks of rice and a variety of condiments. She sells her dishes for cash in the market to a customer base made up of men and women.
She expects to make an average monthly profit of 50,000FCFA, of which part will be used to repay her loan and the interest on it; the rest will be put into her savings.
Elles sont à leur cinquième prêt avec l’institution de micro finance Soro Yiriwaso, dans le souci de satisfaire le besoin de leur clientèle.
Mme KADIATOU fait de la restauration dans ce groupe de femmes. Elle se tient en première position de la droite vers la gauche sur la photo.
Elle compte acheter avec son prêt 5 sacs de riz plus divers condiments. Sa vente de plats alimentaires se fait au comptant sur le marché à une clientèle composée de femmes et hommes.
Elle envisage réaliser un bénéfice mensuel moyen de 50 000 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