In order to increase the funds they have available for their activity, the members of this group decided to ask Soro Yiriwaso for a second loan. Fanta (second woman from the left in the photo) is a major re-seller of rice. She plans to use the loan to purchase two bags of rice from the market in Ségou. She sells her merchanise for both cash and credit to a mixed group of men and women. Fanta hopes this loan will allow her to earn a monthly revenue of approximately 20,000 FCFA (~40 USD), which she will reinvest in her activity and use to take care of the needs of her home.
Dans le souci d’augmenter leurs fonds de commerce, les membres du groupe ont décidé d’intégrer le programme crédit de Soro Yiriwaso avec qui, elles sont à leur 2ème cycle de prêt solidaire.
Fanta (femme assise en 2ème position de la gauche vers la droite sur la photo) est une grande revendeuse de riz. Elle compte utiliser son prêt pour acheter 2 sacs de riz au grand marché de Ségou. Elle effectue ses ventes en détail au comptant et à crédit à une clientèle mixte. Avec ce prêt, Fanta espère réaliser un bénéfice mensuel moyen de 20.000 FCFA qui sera utilisé pour être réinvesti dans l’activité et prendre en charge 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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