The group members are on their third collaboration with the micro-finance institution Soro Yiriwaso in order to fulfill the wishes of their customers and to increase their turnover. They do a diversity of work, including the sale of clothing, potatoes, and fruit.
With this loan, they intend to buy forty 100-kg sacks of oranges and twenty baskets of mangoes. Supplies are gotten at the grand marketplace of Sikasso City from wholesalers and producers. The merchandise is sold retail to customers composed of women and men, cash or credit accepted, at the grand marketplace of Sikasso City and often door-to-door.
The group members each envision realizing an average monthly profit of 25,000 francs CFA. A portion of the profits will be used for helping their husbands to meet family expenses, and the other portion will be invested in business.
Elles sont à leur troisième collaboration avec l’institution de microfinance Soro Yiriwaso afin de pouvoir combler le vœux de leur clientèle et augmenter leur chiffre d’affaire.
Elles mènent diverses activités qui sont entre autres la vente d’habillements, de pomme de terre, et de fruits.
Avec ce prêt, elles comptent acheter 40 sacs de 100 kg d’oranges, 20 paniers mange. Elles s’approvisionnent au grand marché de la ville de Sikasso auprès des grossistes et des producteurs.
Les marchandises sont vendues au comptant, en détail et à crédit au grand marché de Sikasso ville et souvent de façon ambulante à une clientèle composée de femmes et d’hommes.
Elles envisagent réaliser chacune un bénéfice mensuel moyen de 25 000FCFA dont une partie sera utilisée pour aider les maris à subvenir aux charges de famille et l’autre partie sera investie dans les activités.
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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