The women of the group BADEGNA are on their sixth solidarity loan. With the goal of satisfying the enormous demand from their customers, they turned to the microfinance institution Soro Yiriwaso.
This client, FATOUMATA, who is the first person sitting at the left in the photo, is uneducated. A vendor of bean beignets, she intends to purchase with her money 30 kg of beans and 10 kg of shea butter from Missango peasant farmers. Sales are made to a mixed customer base paying cash at the village market. She plans on making a profit of 10,000 francs CFA per month that will be used to cover her children's education costs.
Elles se sont connues à travers des liens de parenté, de voisinage et d’amitié. Elles font la restauration, le commerce de céréale, et de condiment. Les femmes du groupe BADEGNA sont à leur sixième prêt solidaire. Dans le but de satisfaire la demande énorme de leurs clientèles, elles font recours à SORO YIRIWASO.
La cliente FATOUMATA la première personne à partir de la gauche dans le rang assis n’est pas instruite, elle est actuellement vendeuse de beignet de haricot. Elle compte acheter 30 kg de grains de haricot, et 10 kg de beurre de karité avec les paysans de Missango. La vente se fait en espèce à une clientèle mixte au marché du village. Elle compte réaliser un bénéfice de 10 000Fcfa par mois, qui sera utilisé pour assurer la scolarité des enfants.
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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This loan has been fully funded!