The women are collaborating with the microfinance institution Soro Yiriwaso to carry out their work at any time. They are on their first loan with the institution and do intend to pay it back.
Ms. AICHA (first person at the right in the photo) is in the restaurant business. She intends to use her loan to purchase 2 sacks of rice and 2 packages of condiments. Each day, she makes her sales in FAKOLA and is much in demand, especially during fairs. She gets her supplies in FAKOLA.
She accepts cash from a mixed customer base. She plans on making an average monthly profit of 21,000 francs CFA. This profit will enable her to pay back the loan and also to help out her husband in covering day-to-day expenses.
Elles collaborent avec l’institution de microfinance Soro Yiriwaso afin de mener à bien leurs activités à tout moment. Elles sont à leur premier prêt avec l’institution et compte bien le rembourser.
Mme AICHA (1ère sur la photo de la droite à la gauche) fait de la restauration. Elle compte acheter avec son prêt 2 sacs de riz et 2 colis de condiments. Elle vend quotidiennement à FAKOLA et est très sollicitée surtout le jour de foire. Elle s’approvisionne à FAKOLA. Elle vend au comptant à une clientèle mixte.
Elle compte réaliser un bénéfice mensuel moyen de 21000FCFA.
Ce bénéfice lui permettra de payer son prêt et aussi d’aider son mari dans les dépenses quotidiennes.
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