With the goal of expanding their business, the group members joined Soro Yiriwaso and are on their third solidarity (group) loan.
Ms. Louise (standing first from the left and dressed in blue) is very well known in her business selling drinks to everyone in town. She intends to use her loan to buy thirty cases of drinks in order to better satisfy her clientele, which never stops growing.
She gets her supplies from the wholesalers in Koutiala and in Burkina Faso. She makes her sales in cash, at retail, and on credit to a clientele composed of men and women. Her sales take place at home, at the weekly market days (on Fridays), and at the larger market days in the area.
With this loan, Ms. Louise hopes to realize an average monthly profit of 21,000 FCFA, which will be used to reinvest in her business and take care of the household expenses.
Dans le but d’augmenter leurs fonds de commerce, les membres du groupe ont intégré Soro Yiriwaso et sont à leur 3er prêt solidaire.
Madame LOUISE (1 ère personne debout de la gauche vers la droite en camisole bleu) est très connue dans son activité de vente de boissons de tous dans le village. Elle compte utiliser son prêt pour acheter, une trentaine de casiers de boissons pour mieux satisfaire sa clientèle qui ne cesse de croitre. Elle s’approvisionne auprès des grossistes à Koutiala et au Burkina Faso. Elle effectue ses ventes au comptant, en détail et à crédit à une clientèle composée d’hommes et de femmes, à domicile, à la foire (les Vendredi) et dans les grandes foires environnantes.
Avec ce prêt, Madame LOUISE espère réaliser un bénéfice mensuel moyen de 21000 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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