After having repaid their previous ten loans on schedule, the women of Danaya Group are now applying for their eleventh group loan, which they will use to buy various food condiments and suits of all kinds and for all age groups. They get most of their supplies from local producers and wholesalers. They sell their products cash, either hawking or at the market, to a clientele made up of women and men.
They expect to make an average monthly profit of 50,000 CFA francs, which they will partly spend on school fees, food and healthcare, and partly reinvest into their businesses.
Ces femmes se sont connues à travers des liens de voisinage, de parenté, d’activités professionnelles et font essentiellement le commerce d’articles divers tels l’achat et la vente de condiments alimentaires et d’habillements.
Après avoir correctement remboursés les dix prêts précédents, les femmes du groupe Danaya sont à leur onzième prêt solidaire qui sera utilisé pour acheter, des variétés de condiments alimentaires et des complets d’habits de tous genres et tous âges.
Elles s’approvisionnent essentiellement sur place auprès des producteurs et grossistes et effectuent leurs ventes d’une façon ambulante et au marché, généralement au comptant, à une clientèle composée de femmes et d’hommes.
Elles envisagent réaliser chacune un bénéfice moyen mensuel de 50.000FCFA qui sera utilisé dans les dépenses de frais scolaires, de nourriture, de santé et le reste servira à étoffer leur fonds de commerce.
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