The women want to work continuously to improve their businesses, so they work with the field partner, Soro Yiriwaso. This will be their sixth loan and they intend to repay it correctly.
Korotoumou (second from the right in the photo) will use her loan to buy two sacks of maize. She sells her product at the Kolondieba daily market and buys more stock in Kolondieba as well. She has various customers and sells mostly for cash, although occasionally she offers sales on credit.
Korotoumou expects to earn a monthly average of 10,000 francs CFA, which she will use to repay her loan and help her husband with the day-to-day expenses of their household.
Elles collaborent avec l’institution de microfinance Soro Yiriwaso afin de mener à bien leurs activités à tout moment. Elles sont à leur sixième prêt avec l’institution et compte bien le rembourser.
Mme KOROTOUMOU (2ème sur la photo de la droite vers la gauche) compte acheter avec son prêt 2 sacs de maïs. Elle vend quotidiennement au marché de KOLONDIEBA. Elle s’approvisionne à KOLONDIEBA. Elle vend au comptant et parfois à crédit à une clientèle mixte.
Elle compte réaliser un bénéfice mensuel moyen de 10 000FCFA.
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