La Paix Group
They are on their third collaboration with the microfinance institution Soro Yiriwaso, so as to satisfy the needs of their clientele which grows from day to day. They have businesses buying and selling fruit, condiments, clothing, 'atieké' (cassava grits), etc.
With their loan they are counting on buying fruit (a wagenload of oranges and 5 stalks of bananas) 6 packets of condiments, 3 dozen pieces of clothing, and 5 sacks of 'atieké' + 1 jerrycan of 20 liters of oil for making cooked food.
They buy their inventory at the market of Loulouni town on weekly market days and in surrounding villages. They sell their goods in Loulouli town, out of their houses, in the market, and walking on foot through the neighborhoods. They sell for cash and often for credit to a clientele composed of men and women.
They each expect to make an average monthly profit of 32,000 F CFA of which part will be used to add to their savings or for family expenses, and the rest reinvested into their businesses.
They expect to have more working capital so as to better satisfy the needs of their clientele and to be able to set up a sales point.
Elles sont à leur troisième collaboration avec l’institution de microfinance Soro Yiriwaso afin de satisfaire le besoin de leur clientèle qui ne cesse de croître. Elles ont comme activités l’achat vente des fruits, condiments, habits, atiecké etc.
Avec leur prêt, elles comptent acheter, des fruits (1chargement de charrette d’orange + 5 régimes de bananes), 6 paquets de condiments, 3douzaines d’ habits et 5 sacs d’atiecké + 1bidon de 20litre d’huile pour la restauration.
Elles s’approvisionnent au marché de Loulouni ville le jour de foire et dans les villages avoisinants. Elles vendent à Loulouni ville à domicile, au marché et dans les quartiers de façon ambulante. Elles vendent au comptant souvent à crédit à une clientèle composée d’hommes et de femmes.
Elles envisagent réaliser chacune un bénéfice mensuel moyen de 32.000 FCFA dont une partie sera utilisée pour l’épargne et les besoins de la famille, l’autre partie sera réinvestie dans les activités.
Elles comptent avoir plus de capitaux pour mieux satisfaire leurs clientèles et pouvoir aménager un point de vente.
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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