The women know each other because they are related and are neighbors. They work buying and selling a variety of products. The women of the TERIYA Group are on their first group loan.
SALI is the woman standing in the middle of the photo. She plans to use this loan to buy 250 pairs of plastic shoes and 25 pairs of leather shoes. She buys her supplies in the area where she lives. She sells to both men and women, in cash and also often on credit. She expects to make an average monthly profit of 15,000 XOF, which will be used for health, clothing, housing and school expenses. She will reinvest the rest in her business.
Ces femmes se sont connues à travers des liens de parenté, voisinage et font les activités d’achat et de vente des produits divers. Les femmes du groupe TERIYA sont à leur 1er prêt solidaire. SALI, femme debout au milieu sur la photo ; compte utiliser son prêt pour acheter 250 paires de chaussures en plastique, 25 paires de chaussures cuir. Elle s’approvisionne sur place. Elle effectue ses ventes, à une clientèle composée de femmes et d’hommes en espèce et souvent à crédit.
Elle envisage réaliser un bénéfice moyen mensuel de 15.000FCFA qui sera utilisé dans les dépenses relatives à la santé, à l’habillement, au logement, aux frais scolaires et le reste sera réinvesti dans les activités.
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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