They will use their loan to buy charcoal, firewood and milk from farmers in the villages near Fana. They sell their merchandise mostly cash and wholesale in Bamako, the capital city of Mali, to their clients who are usually retailers.
They expect to make an average profit of 20,000 CFA francs (US$44) each per month. They will not only reinvest their profit in their businesses, but also use it to pay for their children's school fees.
Elles comptent acheter avec ce prêt, du charbon de bois, du bois de chauffe et du lait auprès des paysans des villages environnants de Fana. Elles effectuent leurs ventes essentiellement au comptant et en gros à Bamako (capitale du Mali) à une clientèle constituée généralement de revendeurs.
Elles comptent obtenir 20.000 FCFA de bénéfice chacune par mois.
Les bénéfices seront non seulement réutilisé dans l’activité mais aussi serviront à payer les frais scolaires des enfants.
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