Group members are small retail merchants dealing in groundnut kernels and clothes. To increase their business stock, the group decided to work with Soro Yiriwaso and are in their second group loan cycle.
Mrs. Adjaratou (the woman sitting in the second position from left to right in the photo) is a great seller of groundnut kernels. She intends to use her loan to buy one basket of tomatoes, one basket of chili peppers, one bag of eggplants and three bags of groundnut kernels in Medine. Retail sales are conducted in Niomirambougou to a clientele composed mostly of women.
Madame Adjaratou hopes this loan will bring her average monthly profits of 60,000 CFA francs, to be reinvested in the business and used to meet the household's small needs.
Madame Adjaratou (femme assise en 2ème position de la gauche vers la droite sur la photo) est une grande vendeuse de grains d’arachide.Elle compte utiliser son prêt pour acheter une corbeille de tomate, une corbeille de piment,
1 sac d’aubergine et 3 sacs de grains d’arachides à Médine.La revente se fait en détails à Niomirambougou et à une clientèle composée majoritairement de femmes. Madame Adjaratou compte avoir avec ce prêt un bénéfice mensuel moyen de 60 000 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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