Fatoumata does commerce in condiments in this group of women. She is the one standing second from the left in the photo. She intends to use her loan to purchase 300 kg of fresh onions and 100 kg of néré seeds, which she processes into 'sounbala' (a flavoring used in cooking) and then sells retail for cash locally and with family help. The customer base is composed mostly of women.
She envisions making an average monthly profit of 45,000 francs CFA. Part of the profits will be used to repay the loan and cover the interest, and the other part will go toward her savings.
Elles sont à leur dix-huitième prêt avec l’institution de micro finance Soro Yiriwaso afin de satisfaire le besoin de leur clientèle.
Fatoumata fait le commerce de condiments dans ce groupe de femmes. Elle se tient debout en deuxième position à partir de la gauche.
Elle compte acheter avec son prêt 300 kg l’oignon frais, 100 kg de grain de néré qu’elle transforme en Sounbala. Après transformation, les ventes sont effectuées en détail sur place en famille à une clientèle composée pour la majeur partie de femmes au comptant.
Elle envisage réaliser un bénéfice mensuel moyen de 45 000 FCFA dont une partie est utilisée pour payer le prêt et son intérêt et l’autre pour son épargne.
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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