To be able to satisfy their clientele which is always growing and expand the size of their businesses, the members of the Fotemogoban group decided to join the loan program of Soro Yiriwaso three years ago. The amount they are allowed to borrow has gone from 50,000 F CFA for their first loan to 150,000 F CFA for their fifth solidarity (group) loan.
The present loan will be used to buy sacks of "fonio", dried beans, groundnuts, and rice in Fangaso and Djeli to be sold in San and Koutiala. They each hope to make an average profit of 115,000 F CFA during the loan cycle. Besides reimbursing the loan, they will use a part of the income to cover current family expenses and increase their working capital.
In the days to come, they want to remain true to Soro Yiriwaso so as to have a consistent amount of capital in order to open a shop selling cereals.
Pour pouvoir satisfaire sa clientèle qui ne cesse d’augmenter, et accroître la taille de leurs activités, les membres du groupe Fotemogoban ont décidé d’intégrer le programme crédit de Soro Yiriwaso depuis trois ans. Le montant du prêt est passé de 50.000 FCFA au premier prêt à 150.000 FCFA pour le cinquième prêt solidaire (prêt de groupe)
Le prêt actuel sera utilisé pour acheter des sacs de fonio, haricots, pois de terre et de riz à Fangaso et Djeli pour être revendus à San et Koutiala.
Elles espèrent réaliser chacune au cours de ce cycle un bénéfice moyen de 115 000 FCFA.
En dehors du remboursement des prêts elles utiliseront une partie du revenu pour faire face aux dépenses courante de la famille et augmenter le fonds de commerce.
Dans les jours à venir, elles veulent rester fidèle a Soro Yiriwaso pour avoir un fonds consistant afin d’ouvrir une boutique de vente de céréales.
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