The women of this group sell cooked food and various retail items. In order to make their businesses more productive, the members of this Fayida group decided to join the loan program of the micro-finance institution Soro Yiriwaso, with whom they are on their first loan.
This loan will be used to buy condiments, rice, and a lot of other ingredients for cooked food. This catering business earns them a good income, and they sell essentially for cash to a clientele composed of transporters.
Each of the members of the Fayida group expects to make a monthly profit of 15,000 to 30,000 F CFA which will be used to reimburse the interest on the loan and for current family expenses.
Les femmes du groupe font la restauration et le commerce d’articles divers.
Pour rentabiliser leurs activités, les membres du groupe Fayida de l’association Djekadi ont décidé d’intégrer le programme crédit de Soro Yiriwaso avec qui ils sont à leur premier prêt.
Le prêt actuel sera utilisé pour l’achat de condiments alimentaires, du riz et bien d’autres ingrédients qui rentrent dans le cadre de la restauration.
Cette activité de restauration leur est très rentable et elles vendent essentiellement au comptant à une clientèle composée de routiers.
Les membres du groupe Fayida comptent réaliser chacun un bénéfice de 15 000 FCFA à 30 000 FCFA qui sera utilisé pour le remboursement des intérêts du prêt et les dépenses courantes de la famille.
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