With the intention of increasing their commercial funds and diversifying the products they sell, they decided to collaborate with Soro Yiriwaso and are on their seventh group loan. Mrs. Assétou K., who is one of the members, counts on using the loan to buy 500 kg of potatoes and 10 bags of yams. She stocks up on tubers in Koutiala and sells from home, at the Chateau market, and moving throughout the quarters of Ségou. Sales are done in cash and credit to a mixed clientele.
Following the example of the other group members, Mrs. Assétou K. counts on making a monthly, median profit of 56,000 FCFA which she will use to reinvest in her business and help her husband to support the family.
Dans le souci d’augmenter leurs fonds de commerce et de diversifier les marchandises à vendre, elles ont décidé de collaborer avec Soro Yiriwaso et sont à leur 7ème prêt solidaire.
Madame Assétou Keïta, qui est un des membres, compte utiliser son prêt pour acheter, 500 kg de pomme de terre et 10 sacs d’igname. Elle se ravitaille en ces tubercules à Koutiala et effectue sa vente à domicile, au marché Château et en ambulant dans les quartiers de Ségou à crédit ou au comptant à une clientèle mixte.
A l’instar des autres membres du groupe, Madame Assétou Keïta compte réaliser un bénéfice mensuel moyen de 56 000FCFA qui sera utilisé pour être réinvestir dans l’activité et épauler leurs maris dans la prise en charge des 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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Success!! The loan was 100% repaid