This is the eighth loan for this group that collaborates with the Soro Yrirwaso micro-finance institution, hoping to satisfy their clientele.
Among this group of women, Mrs. Ramatou sells attieké (a sort of couscous). She is sitting first on the left in the photo.
With her loan she plans to buy two sacks of 50 kilograms of attieké in Sikasso. She sells her product at the market for cash or credit to her male and female customers.
She hopes to make an average monthly profit of 28 000 francs CFA, some of which she will use to pay the loan and the interests and the remainder of which she will save.
Elles sont à leur huitième prêt dans ce groupe qui évolue avec l’institution de micro finance Soro Yiriwaso, dans le souci de satisfaire le besoin de leur clientèle.
Mme RAMATOU fait le commerce de l’atieké dans ce groupe de femmes. Elle est assise en première position de la gauche vers la droite sur la photo.
Elle compte acheter avec son prêt 2 sacs de 50 kg d’atieké à Sikasso ville. Sa vente se fait au marché, elle vend au comptant et à crédit à une clientèle composée des femmes et hommes.
Elle envisage réaliser un bénéfice mensuel moyen de 28 000 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