They are on their 35th solidarity loan with the Soro Yiriwaso microfinance institution, with the goal of meting customer demand.
Mrs. Alimata, the first one standing from left to right in the photo, sells traditional colorful “pagnes” wax cloth.
She plans to use her loan to buy 25 sets of wax pagnes at the big market, where she has a lot of demand due to the quality of her merchandise. She resells her goods retail, right at the market and in Kaboila, to a mixed clientele, for cash and on credit. She plans to earn an average monthly benefit of 35,000 West African francs, one part of which will be used to pay off her loan with interest and the other part to bolster her savings.
Elles sont à leur trente-cinquième prêt solidaire avec l’institution de micro finance Soro Yiriwaso afin de satisfaire le besoin de leur clientèle.
Madame ALIMATA debout à la première position de la gauche vers la droite sur la photo dans ce groupe des femmes JIGUISSEME, fait la vente des pagnes wax.
Elle compte acheter avec son prêt 25 pièces de pagnes wax au grand marché où elle est beaucoup sollicitée par sa clientèle pour la qualité de ses produits. La revendre se fait en détail sur place et à KABOILA à une clientèle composée d’ hommes et de femmes au comptant et à crédit.
Elle envisage réaliser un bénéfice mensuel moyen de 35 000 francs CFA dont une partie est utilisée pour payer le prêt et son interêt et l’autre pour son épargne
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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