In order to increase their working capital, the group members have decided to work with the field partner, Soro Yiriwaso. This will be their first group loan.
Sali (sitting second from the left in the photo) is a successful tuber seller in Kalaban-coro. She plans to use her loan to buy 5 sacks of potatoes from Médine. She will then retail them for cash in Kalaban-coro to mostly women.
Sali expects to achieve a monthly average profit of 40,000 francs CFA, which she will use to reinvest in her business and meet some of the needs of her children. In the long-term she is relying on her partnership with Soro Yiriwaso to achieve her aim of enlarging her business.
Madame Sali (femme en 2ème position de la gauche vers la droite sur la photo) a une grande réputation dans la vente des tubercules à Kalaban-coro. Elle compte utiliser ce prêt pour acheter 5 sacs de pommes de terre. Elles s’approvisionnent à Médine. La revente s’effectue à Kalaban-coro au comptant à une clientèle composée majoritairement de femmes. Madame Sali compte réaliser avec ce prêt un bénéfice mensuel moyen de 40 000 FCFA, qui sera utilisé pour satisfaire les petits besoins de ses enfants et investir le reste dans ses activités. Madame compte beaucoup sur le partenariat de Soro Yiriwaso pour l’atteinte de ses objectifs qui est l’élargissement de son activité.
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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Success!! The loan was 100% repaid