Members of the group are small retail merchants who deal in condiments (tomato concentrate, eggplants and parsley) and fruit. To build up their stock supplies, the group decided to work with Soro Yiriwaso and are on their third group loan cycle.
Mrs. Koniba (the woman sitting on the far left in the photo) has a good reputation selling condiments (tomato concentrate, eggplants and parsley). She intends to use her loan to buy wholesale 5 boxes of tomato concentrate, 5 bags of eggplants and 3 baskets of parsley in Médine. Retail sales are conducted in Samè to a clientele consisting mainly of women.
Mrs. Koniba hopes to achieve with this loan an average monthly profit of 95,000 CFA francs, to be fed back into the business and used to meet the children's small needs.
Madame Koniba (femme assise à l’extrême gauche sur la photo) a une réputation dans la vente des condiments (tomates concentrées, aubergines et persils). Elle compte utiliser son prêt pour acheter 5 boites de tomates concentrées, 5 sacs d’aubergines et 3 corbeilles de persils en gros à Médine. La revente se fait en détails à Samè et à une clientèle constituée majoritairement de femmes. Madame Koniba espère réaliser avec ce prêt un bénéfice mensuel moyen de 95 000 FCFA qui sera utilisé, pour être réinjecté dans l’activité et subvenir aux petits besoins 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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