With the goal of meeting the needs of their growing and increasingly demanding customer bae, the group members decided to join the Soro Yiriwaso loan program and are now on their fifth solidarity loan, having duly repaid their prior loans.
Mrs. Mah (the one seated in the middle on the photo) excels at selling cereals. She has many customers in Sienso in nearby. She plans to use her loan to buy three bags of corn, two bags of pearl millet, and one bag of beans. She retails for cash to the general public. With this loan, Mrs. Mah hopes to achieve a monthly revenue of 18,000 West African francs, which will be used to reinvest in her business and to help her husband provide for household needs.
Dans le but de satisfaire le besoin de leurs clientèles de plus en plus nombreuses et exigeantes, les membres du groupe ont décidé d’intégrer le programme crédit de Soro Yiriwaso et sont à leur 5eme prêt solidaire, après avoir correctement remboursés les prêts précédents.
Madame MAH (assise au milieu sur la photo) excelle dans la vente de céréales. Elle est très sollicitée à SIENSO et ses environnants.
Elle compte utiliser son prêt pour acheter 3 sacs de maïs, 2 sacs de petit mil, 1 sac de haricot .Elle effectue ses ventes au comptant, en détail à une clientèle mixtes.
Avec ce prêt, Madame MAH espère réaliser un bénéfice mensuel moyen de 18000 FCFA qui sera utilisé pour être réinvesti dans l’activité et aider son conjoint dans la prise 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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Success!! The loan was 100% repaid