Bary Maramou Ii Group
With the intention of increasing their financial resources and having enough inventory to satisfy customer needs, the group members decided to join the micro-finance institution Soro Yiriwaso, so as to do commerce in grains. They are now on their second solidarity loan. The preceding one was properly repaid.
With this new loan, they intend to buy: five tonnes of corn and two tonnes of petit mil (millet) from suppliers of villages surrounding Yanfolila. The goods are then to be resold retail at the Yanfolila market in cash transactions. Their customers are composed of men and women.
With this loan, the group members plan on obtaining a profit of 40,000 francs CFA per month that will be used to provide clothing and schooling for their children.
Ces femmes se sont connues à travers des relations de commerce.
Dans l’intention d’augmenter leur ressource financière et de faire assez de stocks enfin de satisfaire le besoin de leur clientèle, elles ont décidé d’adhérer à l’institution de microfinance Soro Yiriwaso et cela pour faire le commerce de céréales.
Elles sont à leur deuxième prêt solidaire et le précèdent a été correctement remboursé.
Avec ce prêt elles comptent acheter, 5 tonnes de maïs et 2 tonnes de petit mil avec les fournisseurs des villages environnants de Yanfolila pour ensuite les revendre sur le marché de Yanfolila, en détail et au comptant à une clientèle composée d’hommes et de femmes.
Avec ce prêt les femmes comptent obtenir un bénéfice de 40 000 FCFA par mois qui sera utilisé dans l’habillement et l’éducation de leurs 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