In the interest of better profiting from their businesses and meeting the growing need of their customer base, the Sabaly group decided to join the Soro Yiriwaso credit program this year. They are on their first loan. Fatoumata S. expects to use her loan to buy 5 fifty kilogram bags of potatoes, 5 boxes of plantains, 2 boxes of macaroni, a 20 litre drum of cooking oil and other small ingredients. She runs her restaurant business at the end of a tarmac each evening from 6 p.m. and 1 a.m. She hopes to make a profit of 22,000 FCFA, a sum which will allow her to repay her loan and re-invest in her business. The other members of the group expect a profit of 19,000 FCFA per month. The women aspire to continue their partnership with Soro Yiriwaso.
Dans le souci de rentabiliser mieux leurs activités et satisfaire le besoin croissant de leur clientèle, le groupe SABALY a décidé d’intégrer le programme crédit de Soro Yiriwaso cette année. Elles sont à leur premier prêt.
FATOUMATA S. compte utiliser son prêt pour acheter , 5 sacs de pomme de terre de 50kg chacun, 5 cartons de banane Plantain, 2 cartons de macaroni, un bidon d’huile alimentaire de 20 litres et d’autres petits ingrédients. Elle fait sa restauration au bord du goudron tous les soirs de 18h à 1h du matin.
Elle espère sur un bénéfice de 22000FCFA somme qui lui permettra de rembourser le prêt et de réinvestir dans son activité. Les autres membres comptent sur un bénéfice de 19000 FCFA par mois.
Les femmes ambitionnent continuer le partenariat 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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Success!! The loan was 100% repaid