Group members are small retail merchants dealing in condiments (gombos), clothing, food preparations and charcoal.
To increase their stock supply, the group decided to work with Soro Yiriwaso and are in their second group loan cycle.
Mrs. Doussouba (the woman sitting on the far left in the photo) has a great reputation at selling condiments (gombos). She intends to use her loan to buy 20 bags of gombos at wholesale prices in Medine. Retail sales are conducted in Djalakorodji to mainly women customers.
Mrs. Doussouba hopes to achieve with this loan an average monthly profit of 80,000 CFA francs, to be reinvested in the business.
She aims to buy a lot for residential use through her relationship with Soro Yiriwaso.
Madame Doussouba(femme assise à l’extrême gauche sur la photo) a une grande réputation dans la vente des condiments (gombos). Elle compte utiliser son prêt pour acheter 20sacs de gombos en gros à Médine.La revente se fait en détails à Djalakorodji et à une clientèle majoritairement composée de femmes. Madame Doussouba espère réaliser avec ce prêt un bénéfice mensuel moyen de 80 000 FCFA qui sera utilisé, pour être réinvesti dans l’activité. Elle a pour objectif d’acheter un lot à usage d’habitation dans cette relation avec Soro Yiriwaso.
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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