The members of the group have small businesses buying and selling condiments (tomatoes, cabbages, aubergines) macaroni, clothing, ingredients for restauration and cosmetics. In order to be able to get fresh supplies for cash, the group members decided to collaborate with Soro Yiriwaso and are on their third group loan cycle.
Yah, who is sitting second from the right in the photo, is a significant seller of condiments (tomatoes, cabbages, aubergines,..). She is planning to use her loan to buy 20 baskets of tomatoes, 13 sakcs of aubergines and 18 sacks of cabbage in Bamako. She resells her products on a retail basis in Kanadjiguila to a customer base made up primarily of women. Yah expects to make a monthly profit of 150,000FCFA as a result of this loan and will reinvest this in her business and provide for small household needs.
Madame Yah (femme assise en 2ème position de la droite vers la gauche sur la photo) est une grande vendeuse des condiments (tomates, choux, aubergines,…). Elle compte utiliser son prêt pour acheter 20 corbeilles de tomates, 13 sacs d’aubergines, 18 sacs de choux à Bamako. La revente se fait en détails à Kanadjiguila à une clientèle composée majoritairement de femmes. Madame Yah compte avoir avec ce prêt un bénéfice mensuel moyen de 150 000 FCFA qui sera utilisé, pour être réinvesti dans l’activité et satisfaire les petits besoins du foyer.
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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