The women of the group DANAYA are on their fourth solidarity loan. With the goal of satisfying the enormous demand from their customers, they turned to the microfinance institution Soro Yiriwaso.
This client, SOUMBA, who is the first person standing at the right in the photo, is uneducated. She is currently a vendor of bean beignets. She intends to purchase a sack of beans and 40 kg of shea butter from peasant farmers of the village. Sales are made to a mixed customer base paying cash at the village's daily market. She plans on making a profit of 22,000 francs CFA per month that will in part be reinvested in her business.
Elles se sont connues à travers des liens de parenté, de voisinage et d’amitié. Elles font la restauration, le commerce de beignet, et de charbon de bois. Les femmes du groupe DANAYA sont à leurs quatrièmes prêts solidaires. Dans le but de satisfaire la demande énorme de leurs clientèles, elles font recours à SORO YIRIWASO.
La cliente SOUMBA la première personne à partir de la droite dans le rang debout n’est pas instruite, elle est actuellement vendeuse de beignet de haricot. Elle compte acheter 1 sac de grain de haricot, et 40kg de beurre de karité avec les paysans du village. La vente se fait en espèce au marché journalière du village à une clientèle mixte. Elle compte réaliser un bénéfice de 22 000Fcfa par mois, qui sera en partie injectés dans l’activité.
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