They met because of being neighbors or being related and they sell various items (juice, cereal, cloth, snacks, foodstuffs, etc.) This group of women has been working with Soro Yiriwaso in order to satisfy their clientele which continues to grow from day to day. They are on their second solidarity loan, after having reimbursed the first one.
With this new loan, they expect to buy 2 sacks of 100 kg of dried beans which they will make into fritters, sacks of sweet potatoes for use in making snack foods, and 200 kg of ginger which will be made into juice. They sell these products exclusively in the marketplace of Fana to a clientele composed of women and men.
They each expect to make an average profit of 34,500 F CFA monthly. Part of the profit will be reinvested in their businesses and the rest used for daily family expenses.
Elles se sont connues par des liens de voisinage, de parentés et exercent le commerce d’articles divers (jus, céréales, tissus, friandises, produits alimentaires etc.)
Ce groupe de femmes collabore avec l’institution de microfinance Soro Yiriwaso dans le but de satisfaire leur clientèle qui ne cesse d’accroître du jour en jour. Elles sont à leur deuxième prêt solidaire après avoir remboursé le premier.
Avec ce nouveau prêt elles comptent acheter, 2 sacs de 100Kg de haricot qui sera transformé en baignés, des sacs de patates douces pour la préparation des friandises et 200Kg de gingembre qui sera transformé en jus. La vente de ces produits s’effectue exclusivement sur le marché de Fana à une clientèle composée de femmes et d’hommes.
Elles comptent réaliser chacune un bénéfice moyen de 34 500FCFA par mois. Les bénéfices sont d’une part réinvestis dans l’activité et d’autre part dans les dépenses quotidiennes 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