With the goal of increasing their business, the members of the group are on their first loan in solidarity with Soro Yiriwaso. Madam Malado (the second seated person from right to left) plans to use her loan to buy 150 litres of fresh milk from the cooperatives of breeders in San. After having boiled the milk, she sells retail for cash and credit to a clientèle that consists of men and women. With this loan, Madam Malado hopes to make an average monthly profit of 35,000 FCFA which will be used to reinvest in her business and take care of the needs of her home.
Dans le but d’augmenter leurs fonds de commerce, les membres du groupe ont intégré Soro Yiriwaso et sont à leur 1er prêt solidaire.
Madame, Malado (2 eme assise de la droite vers la gauche) compte utiliser son prêt pour acheter, 150 litres de lait frais auprès des coopératives de éleveurs de San. Après avoir bouillie le lait, elle vend au comptant, en détail et à crédit à une clientèle composée d’hommes et de femmes.
Avec ce prêt, Madame Malado espère réaliser un bénéfice mensuel moyen de 35.000 FCFA qui sera utilisé pour être réinvesti dans l’activité et prendre 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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